Chapter
153
2006 -- S 3075
Enacted 06/16/06
A N A C T
AUTHORIZING THE TOWN
OF EAST GREENWICH TO IMPLEMENT A TAX INCREASE DEFERRAL PROGRAM FOR SENIOR
RESIDENT HOMEOWNERS
Introduced By: Senators Lenihan, and Raptakis
Date Introduced: May 03,
2006
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:
44-3-58.1.
Tax deferment of increase in property taxes of persons sixty-five (65)
years
of age or older. – The town
council of the town of East Greenwich is authorized to
provide,
by ordinance, that the payment of any increases in property taxes on the
primary
residence
owned and occupied by a person or persons who are sixty-five (65) years of age
or
older,
may be deferred, interest free, by the eligible taxpayer until such time as the
property is
disposed
of by reason of the death of all owners who are sixty-five (65) years of age or
older, or
by
reason of transfer or conveyance, at which time the total deferred taxes will
be paid to the
town.
An eligible taxpayer is defined as an individual who is a resident of the town
of East
Greenwich
for income tax purposes, is sixty-five (65) years of age or older, and has
resided in
the
primary residence located in the town of East Greenwich, for which the deferral
is claimed,
for a
minimum of five (5) years. There is no income or means test for eligibility. In
the case of a
married
couple, at least one spouse must be sixty-five (65) years of age or older. The
deferral is
optional,
to be made at the request of the eligible taxpayer to the tax assessor. Any
taxes so
deferred
will become a lien on the property. The eligible taxpayer may remove the lien
at any
time
by paying the total taxes due, interest free. This deferral is in addition to
any and all other
exemptions
which the taxpayer may be entitled by law. The town council of the town of East
Greenwich
shall establish the requirements and application and/or verification procedures
for
taxpayers
to avail themselves of this deferment.
SECTION
2. This act shall take effect in the tax year following its passage.
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LC03167
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