| Chapter 366 |
| 2023 -- S 0992 Enacted 06/27/2023 |
| A N A C T |
| RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION |
Introduced By: Senator Jessica de la Cruz |
| Date Introduced: May 15, 2023 |
| It is enacted by the General Assembly as follows: |
| SECTION 1. Section 44-3-56 of the General Laws in Chapter 44-3 entitled "Property |
| Subject to Taxation" is hereby amended to read as follows: |
| 44-3-56. Tax credit in lieu of tax exemption in the town of Burrillville. |
| (a) The town council of the town of Burrillville may, by ordinance, grant a dollar tax credit |
| of a specific dollar amount in lieu of the tax exemptions allowed pursuant to the provisions of §§ |
| 44-3-4, 44-3-5, 44-3-12, 44-3-15, and 44-3-35 and chapter 22 of the public laws of 1973 P.L. 1973, |
| ch. 22. The basis for determining eligibility for the dollar tax credit shall be as set forth in §§ 44- |
| 3-4, 44-3-5, 44- 3-12, 44-3-15, and 44-3-35 and chapter 22 of the public laws of 1973 P.L. 1973, |
| ch. 22. The dollar tax credit shall be a direct deduction from the tax bill. |
| (b) In lieu of the dollar tax credit allowed in subsection (a), the town council of the town |
| of Burrillville may, by ordinance, establish a dollar tax credit for persons who meet the criteria set |
| forth in §§ 44-3-15 and 44-3-35 and chapter 22 of the public laws of 1973 P.L. 1973, ch. 22 based |
| on household gross income. The dollar tax credit may vary based on the household gross income. |
| (c) The total amount of all flat rate tax credits shall not exceed three percent (3%) four |
| percent (4%) of the prior year’s tax levy. |
| SECTION 2. This act shall take effect upon passage. |
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| LC002855 |
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