Chapter 223

2003 -- H 6476 SUBSTITUTE A

Enacted 07/15/03

AN ACT

RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION

Introduced By: Representatives Callahan, Long, and Shavers

Date Introduced: May 28, 2003

It is enacted by the General Assembly as follows:

     SECTION 1. Section 44-3-39 of the General Laws in Chapter 44-3 entitled "Property

Subject to Taxation" is hereby amended to read as follows:

44-3-39. Exemption of persons over the age of 65 -- Middletown. -- Notwithstanding

any other provisions of a general or special law to the contrary, the town council of the town of

Middletown is authorized to fix, by ordinance or resolution, the amount of the exemptions with

respect to the assessed value from local taxation on taxable real property situated in the town,

owned and occupied by any person over the age of sixty-five (65) years, whether the real property

is income-producing or not, in an amount not to exceed twenty thousand dollars ($20,000) of

claimed income of the person or persons who own and occupy the premises.

Said exemption shall be available to persons over sixty-five (65) years of age who own

and occupy the subject property. Said exemption shall not be less than twenty-two thousand five

hundred dollars ($22,500) of assessed value for all qualifying property owners regardless of

income and shall not exceed sixty-two thousand dollars ($62,000) of assessed value for qualified

property owners who have claimed income of less than thirty thousand dollars ($30,000),

(maximum income limit). Provided, however, that said maximum income limit shall increase

annually based upon the Consumer Price Index calculated utilizing the average of: U.S. City

Average; Northeast Urban Cities and Boston Metropolitan figures for September of each year.

SECTION 2. This act shall take effect upon passage.     

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LC03343/SUB A

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