2025 -- H 5965

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LC002005

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2025

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A N   A C T

RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES

     Introduced By: Representatives Lima, Potter, Baginski, McNamara, Handy, and Bennett

     Date Introduced: February 28, 2025

     Referred To: House Municipal Government & Housing

     It is enacted by the General Assembly as follows:

     SECTION 1. Chapter 44-5 of the General Laws entitled "Levy and Assessment of Local

Taxes" is hereby amended by adding thereto the following section:

     44-5-89. Cranston homestead exemption.

     (a) The city council of the city of Cranston is authorized to annually fix the amount, if any,

of a homestead exemption, with respect to assessed value, from local taxation on taxable real

property used for residential purposes defined as residential use in the city of Cranston, and to grant

homestead exemptions to the owner, or owners, of residential real estate, in an amount not to exceed

up to twenty percent (20%) of the assessed value. The exemption shall apply to property used

exclusively for residential purposes, and improved with a dwelling containing less than three (3)

units, or real property used for residential use. The prorated amount shall be the percentage of

square feet of the parcel used for residential purposes, multiplied by the percentage of the

homestead exemption. In order to determine compliance with the homestead exemption as outlined

in this section, the city council shall provide, by resolution or ordinance, rules and regulations

governing eligibility for the exemption established by this section.

     (b) In the event property granted an exemption under this section is sold or transferred

during the year for which the exemption is claimed, the city council may provide for a proration of

the homestead exemption in cases where title to property passes from those entitled to claim an

exemption to those who are not entitled to claim an exemption.

     SECTION 2. This act shall take effect on December 31, 2025.

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N   A C T

RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES

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     This act would grant the city council of Cranston the authority to enact a homestead

exemption ordinance.

     This act would take effect on December 31, 2025.

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