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2012 -- S 2968 | |
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LC02604 | |
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STATE OF RHODE ISLAND | |
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IN GENERAL ASSEMBLY | |
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JANUARY SESSION, A.D. 2012 | |
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____________ | |
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A N A C T | |
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RELATING TO HEALTH AND SAFETY - TAXATION - IMPACT FEES | |
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Introduced By: Senator Michael J. McCaffrey | |
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Date Introduced: May 17, 2012 | |
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Referred To: Senate Finance | |
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It is enacted by the General Assembly as follows: | |
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SECTION 1. Chapter 23-27.3 of the General Laws entitled "State Building Code" is |
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hereby amended by adding thereto the following section: |
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23-27.3-119.1. Permit fees - Reduction. -- The permit fees assessed by each |
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municipality pursuant to this chapter as of December 31, 2011, shall be reduced by fifty percent |
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(50%) for a period of twenty-four (24) months from the passage of this act. |
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SECTION 2. Chapter 44-18 of the General Laws entitled "Sales and Use Taxes - |
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Liability and Computation" is hereby amended by adding thereto the following section: |
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44-18-30E. Temporary reduction of sales tax on lumber and building materials. – |
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There shall be a three and a half percent (3.5%) reduction in the sales tax imposed on lumber and |
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building materials which are used in the construction, erection, alteration or repairing of a |
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building or other structure or in the making of any other improvements on land or the preparation |
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of making improvements for a period of twenty-four (24) months, commencing with the passage |
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of this act. |
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SECTION 3. Chapter 45-22.4 of the General Laws entitled "Rhode Island Development |
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Impact Fee Act" is hereby amended by adding thereto the following section: |
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45-22.4-4.1. Moratorium on assessment of impact fees. – There shall be a moratorium |
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instituted on the assessment and collection of impact fees as currently established or proposed by |
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the cities and towns for new construction and development pursuant to this chapter. This |
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moratorium shall be in place for a period of thirty-six (36) months, commencing with the passage |
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of this act. |
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SECTION 4. This act shall take effect upon passage. |
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LC02604 | |
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EXPLANATION | |
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BY THE LEGISLATIVE COUNCIL | |
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OF | |
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A N A C T | |
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RELATING TO HEALTH AND SAFETY - TAXATION - IMPACT FEES | |
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This act would create temporary reductions or certain fees and taxes relating to building |
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and construction, specifically permit fees, impact fees and lumber and other building materials. |
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This act would take effect upon passage. |
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LC02604 | |
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