Chapter 298

2017 -- S 0041 Enacted 07/26/2017

A N   A C T

RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION--TOWN OF FOSTER

Introduced By: Senator Nicholas D. Kettle

Date Introduced: January 18, 2017

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:

44-3-13.14. Foster -- Exemption of elderly and disabled persons.

The town council of the town of Foster may, by ordinance, issue a tax credit for real

property situated in the town of Foster which that is owned and occupied by resident owners as

follows:

(1) Any owner of an owner-occupied, single-family dwelling that who has attained the

age of sixty-seven (67) years, or more, or who is totally disabled and who is a resident of the

town of Foster, as provided in said ordinance, shall be entitled to a tax credit equal to the lesser

of:

(i) Five hundred dollars ($500); or

(ii) Any increase in the "dollar amount" required to be paid by such owner on the said

property above the "dollar amount" required to be paid in taxes during the tax assessment next

following such owner's sixty-seventh birthday, or following the filing of a certificate evidencing

disability, as provided in said ordinance.

(2) Any owner of an owner-occupied, single-family dwelling that who has attained the

age of seventy-seven (77) years, or more, and who is a resident of the town of Foster, as provided

in said ordinance, shall be entitled to a tax credit equal to the lesser of:

(i) One thousand dollars ($1,000); or

(ii) Any increase in the "dollar amount" required to be paid by such owner on the said

property above the "dollar amount" required to be paid in taxes during the tax assessment next

following such owner's seventy-seventh birthday, as provided in said ordinance.

SECTION 2. This act shall take effect upon passage.

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LC000539

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