2013 -- S 0748

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LC02042

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STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2013

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A N A C T

RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION

     Introduced By: Senators Kettle, and Raptakis

     Date Introduced: March 13, 2013

     Referred To: Senate Finance

It is enacted by the General Assembly as follows:

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     SECTION 1. Chapter 44-3 of the General Laws entitled "Property Subject to Taxation" is

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hereby amended by adding thereto the following section:

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     44-3-65. Historic district exemptions. -- The town council of the town of Coventry may,

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by ordinance, provide for a schedule of exemptions from increased assessment valuations for

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exterior renovations or improvements made to pre-20th century buildings within the historic

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district by their owners pursuant to historic guidelines. The exemptions may be extended to

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buildings outside the historic district which are on the National Register. The ordinance shall

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specify the kinds of improvements and renovations for which the exemptions are permitted.

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     SECTION 2. This act shall take effect upon passage.

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LC02042

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N A C T

RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION

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     This act would authorize the town council of the town of Coventry to provide by

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ordinance a schedule of exemptions from increased assessment valuations for exterior

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renovations or improvements made to pre-20th century buildings within the historic district and

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buildings outside the district which are on the National Register within the town of Coventry.

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     This act would take effect upon passage.

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LC02042

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