2022 -- H 8058

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LC005622

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2022

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A N   A C T

RELATING TO TAXATION -- TAX SALES

     Introduced By: Representative Alex D. Marszalkowski

     Date Introduced: March 25, 2022

     Referred To: House Municipal Government & Housing

     It is enacted by the General Assembly as follows:

     SECTION 1. Chapter 44-9 of the General Laws entitled "Tax Sales" is hereby amended by

adding thereto the following section:

     44-9-18.5. Cumberland - Assignments to the Cumberland land trust.

     The town of Cumberland, with the approval of the town council, may transfer and assign

any or all tax titles held by the town to the Cumberland Land Trust, Inc. for no monetary

consideration or for an amount agreed to by the town and the Cumberland Land Trust, Inc., and

further shall not be required to send notice of any intended transfer or assignment to the owner of

record. The transfer or assignment shall not confer upon the Cumberland Land Trust, Inc., any

greater rights or responsibilities than those granted to or imposed upon the town of Cumberland as

original holder of the tax title. The Cumberland Land Trust, Inc. shall hold any tax title transferred

or assigned subject to any and all rights of redemption held by the owner of record and/or his or

her successors and assigns in title. Any and all statutory redemption costs shall be paid to the town

of Cumberland and the Cumberland Land Trust, Inc. Notwithstanding the foregoing provisions, the

Cumberland Land Trust, Inc., shall also hold and be permitted to exercise any rights that the town

of Cumberland previously held, including the right to petition for foreclosure of any rights of

redemption.

     SECTION 2. This act shall take effect upon passage.

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N   A C T

RELATING TO TAXATION -- TAX SALES

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     This act would provide for the transfer, with the approval of the town council, of all tax

titles held by the town of Cumberland to the Cumberland Land Trust, Inc.

     This act would take effect upon passage.

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