Chapter 296

2003 -- S 1025 AS AMENDED

Enacted 07/17/03

AN ACT

RELATING TO LEVY AND ASSESSMENT OF LOCAL TAXES

Introduced By: Senator M. Teresa Paiva-Weed

Date Introduced: April 24, 2003

It is enacted by the General Assembly as follows:

     SECTION 1. Chapter 44-5 of the General Laws entitled "Levy and Assessment of Local

Taxes" is hereby amended by adding thereto the following section:

44-5-2.1. Maximum levy - Jamestown. – (a) Notwithstanding any other provisions of

this chapter, in connection with the change of Jamestown's fiscal year from March 1 to June 30,

the town may levy a tax for its extended fiscal year in excess of five and one-half percent (5.5%)

in excess of the amount levied and certified by the town for the prior year, and such tax may

cover a period of sixteen (16) months.

(b) "Extended fiscal year" means the period March 1, 2004 to June 30, 2005.

(c) Notwithstanding the requirements of section 44-5-7(a), persons assessed pursuant to

the provisions of this section have the option to pay their taxes in quarterly installments, for the

extended fiscal year; provided, that the town is authorized to permit taxes to be paid in five (5)

equal installments.

     SECTION 2. This act shall take effect upon passage.     

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LC03107

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