[Adopted 7-26-1994 by Ord. No. 616 (Sec. 21-26 of the 1993 Code)]
In accordance with the terms of General Laws of Rhode Island § 44-3-29, the stock-in-trade or inventory of any wholesaler located within the Town shall be exempt from taxation for a period of 25 years from the date of passage of this article.
The term "wholesaler" shall mean and include a person, partnership, corporation or other business entity engaged in the business of selling goods for subsequent resale by its customers.