The Providence City Council's Finance Committee will be the first to review a proposal creating a tax break system for the former I-195 land. The proposal seeks to set firm guidelines for tax breaks that depend on the size of the project. Those costing ten-million-dollars or less would be eligible for three years of no property taxes, with ten-percent hikes each year for a decade. Larger projects would be eligible for a 20 year tax treaty, with the City Council setting the terms.