Chapter
346
2003
-- H 6508
Enacted
07/17/03
AN ACT
RELATING TO TAXATION --
PROPERTY SUBJECT TO TAXATION
Introduced
By: Representatives Carter, and Scott
Date Introduced:
June 11, 2003
It is enacted by the General Assembly
as follows:
SECTION
1. Chapter 44-3 of the General Laws entitled "Property Subject to
Taxation"
is hereby amended by adding
thereto the following section:
44-3-13.11.
Property tax exemption for active volunteer members of fire and rescue
companies within the town of
Exeter. – (a) The town council
of the town of Exeter may, by
ordinance, provide a property
tax exemption of up to fifty thousand dollars ($50,000) of assessed
value of any real property owned
and occupied by any volunteer member of an Exeter fire
company or rescue corps,
provided that said organization has qualified as a tax exempt
organization pursuant to section
501(c)(3) of the Internal Revenue Service Code. Said exemption
shall also apply to the
surviving spouse of any deceased person who qualified for an exemption at
the time of his or her death.
(b)
Said exemption shall be in addition to any other exemption to which said
persons
shall be entitled; provided,
however, that any person seeking said exemption shall have presented,
to the tax assessor, a true and
exact account of his or her ratable estate as provided in sections 44-
5-15 and 44-5-16 for the year
for which the exemption is claimed, together with due evidence that
said person is entitled to said
exemption.
(c)
Any ordinance passed by the town shall provide prospective tax relief only.
(d)
The amount of the exemption and the rules and regulations regarding eligibility
for
the exemption shall be provided
for by ordinance and the town council of the town of Exeter,
upon recommendation of the tax
assessor, may, from time to time, by amendment to the
ordinance, make changes in the
amount of exemption granted and the rules and regulations
regarding eligibility for the
exemption as they deem necessary to promote the purpose of this
section.
(e)
Nothing contained herein shall abrogate or affect the authority conferred upon
the
assessor by the provisions of
section 44-3-4.
SECTION 2. This act shall take effect upon
passage.
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LC03412
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