Chapter 180

2006 -- S 2867

Enacted 06/23/06

A N A C T

RELATING TO TAXATION - PROPERTY SUBJECT TO TAXATION

Introduced By: Senators P Fogarty, Gallo, Walaska, Blais, and Breene

Date Introduced: March 01, 2006

It is enacted by the General Assembly as follows:

     SECTION 1. Section 44-3-13.5 of the General Laws in Chapter 44-3 entitled "Property

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

44-3-13.5. Glocester -- Exemption of elderly and disabled persons. -- (a) The town

council of Glocester may, by ordinance, exempt from taxation the issue a tax credit for real

property situated in the town of Glocester which is owned and occupied by owners over sixty-five

(65) years of age or under sixty-five (65) years of age who are permanently disabled in an amount

not to exceed thirty thousand dollars ($30,000) of valuation of one thousand one hundred fifty

dollars ($1,150) adjusted annually by the rate of the annual tax increase, if any, times the per one

thousand dollar ($1,000) average valuation of the exempted real properties and in like manner

may also by ordinance exempt from taxation the issue a tax credit for real property situated in the

town which is owned and occupied by owners with a combined adjusted gross taxable annual

income not to exceed twenty-three thousand dollars ($20,000) ($23,000) adjusted annually by the

consumer price index – all urban customers (CPI-U) published by the Bureau of Labor Statistics

of the United States Department of Labor as set forth in the following schedule:

      (1) Owners who are sixty-five (65) but less than seventy (70) eighty (80) years of age: --

an exemption not to exceed fifty-eight thousand dollars ($58,000) valuation an additional tax

credit not to exceed one thousand five hundred dollars ($1,500);

(2) Owners who are seventy (70) but less than seventy-five (75) years of age: -- an

exemption not to exceed seventy-three thousand dollars ($73,000) of valuation;

(3) Owners who are seventy-five (75) but less than eighty (80) years of age: -- an

exemption not to exceed ninety-three thousand dollars ($93,000) of valuation;

(4)(2) Owners who are eighty (80) years of age or older: -- an exemption not to exceed

ninety-eight thousand dollars ($98,000) of valuation. an additional tax credit not to exceed four

thousand five hundred dollars ($4,500).

      (b) The exemption shall be pro-rated among the owners of the real property and shall be

in addition to any and all other exemptions from taxation to which the person may be otherwise

entitled. The exemption shall be applied uniformly. Only one exemption shall be granted to co-

tenants, joint tenants, and tenants by the entirety, even though all of the co-tenants, joint tenants,

and tenants by the entirety are eligible for an exemption. The provisions of this section apply

notwithstanding the provisions of section 44-3-15.

     SECTION 2. This act shall take effect upon passage.

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LC02597

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