2024 -- S 3123 | |
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LC006211 | |
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STATE OF RHODE ISLAND | |
IN GENERAL ASSEMBLY | |
JANUARY SESSION, A.D. 2024 | |
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A N A C T | |
RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION | |
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Introduced By: Senator Melissa A. Murray | |
Date Introduced: May 31, 2024 | |
Referred To: Senate Finance | |
It is enacted by the General Assembly as follows: | |
1 | SECTION 1. Chapter 44-3 of the General Laws entitled "Property Subject to Taxation" is |
2 | hereby amended by adding thereto the following section: |
3 | 44-3-68. Tax exemptions in the city of Woonsocket. |
4 | (a) Notwithstanding any exemption granted by any of the provisions of this chapter, the |
5 | city council of the city of Woonsocket may establish, by ordinance, exemptions from taxation of |
6 | real and personal property. |
7 | (b) The city council shall determine the eligibility for each exemption but shall not be any |
8 | more restrictive than as defined in ยงยง 44-3-4, 44-3-4.2 or 44-3-5. Eligibility may include a |
9 | requirement that the recipient of the exemption own and occupy the real property. |
10 | (c) Permitted exemptions shall include, but not be limited to, elderly with income |
11 | requirements, visually impaired, veteran, widow/widower of veteran, Gold Star Parent, or one |
12 | hundred percent (100%) service-connected disabled veteran. |
13 | (d) Exemptions shall be established as dollars of valuation in one thousand dollars ($1,000) |
14 | multiples. |
15 | (e) Each exemption granted on real and personal property by any of the provisions of this |
16 | section, is at a rate equivalent to twenty dollars ($20.00) per one thousand dollars ($1,000) of |
17 | valuation for each exemption granted to a taxpayer. |
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1 | SECTION 2. This act shall take effect upon passage. |
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EXPLANATION | |
BY THE LEGISLATIVE COUNCIL | |
OF | |
A N A C T | |
RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION | |
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1 | This act would give the city of Woonsocket the authority to establish by ordinance, |
2 | exemptions from taxation on real and personal property for different classifications of individuals |
3 | including, but not limited to, the elderly with income requirements and veterans. |
4 | This act would take effect upon passage. |
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