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

     

     Introduced By: Senator Melissa A. Murray

     Date Introduced: May 31, 2024

     Referred To: Senate Finance

     It is enacted by the General Assembly as follows:

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     SECTION 1. Chapter 44-3 of the General Laws entitled "Property Subject to Taxation" is

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hereby amended by adding thereto the following section:

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     44-3-68. Tax exemptions in the city of Woonsocket.

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     (a) Notwithstanding any exemption granted by any of the provisions of this chapter, the

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city council of the city of Woonsocket may establish, by ordinance, exemptions from taxation of

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real and personal property.

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     (b) The city council shall determine the eligibility for each exemption but shall not be any

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more restrictive than as defined in ยงยง 44-3-4, 44-3-4.2 or 44-3-5. Eligibility may include a

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requirement that the recipient of the exemption own and occupy the real property.

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     (c) Permitted exemptions shall include, but not be limited to, elderly with income

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requirements, visually impaired, veteran, widow/widower of veteran, Gold Star Parent, or one

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hundred percent (100%) service-connected disabled veteran.

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     (d) Exemptions shall be established as dollars of valuation in one thousand dollars ($1,000)

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multiples.

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     (e) Each exemption granted on real and personal property by any of the provisions of this

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section, is at a rate equivalent to twenty dollars ($20.00) per one thousand dollars ($1,000) of

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valuation for each exemption granted to a taxpayer.

 

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     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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     This act would give the city of Woonsocket the authority to establish by ordinance,

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exemptions from taxation on real and personal property for different classifications of individuals

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including, but not limited to, the elderly with income requirements and veterans.

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     This act would take effect upon passage.

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