Introduced By: Senators Lenihan and Patterson
Date Introduced : February 4, 1999
SECTION 1. Section 44-33-9 of the General Laws in Chapter 44-33 entitled "Property Tax Relief" is hereby amended to read as follows:
44-33-9. Computation of credit. -- The amount of any claim made pursuant to this chapter shall be determined as follows:
(1) For any taxable year, a claimant shall be entitled to a credit against his or her tax liability equal to the amount by which the property taxes accrued or rent constituting property taxes accrued upon the claimant's homestead for the taxable year exceeds a certain percentage of the claimant's total household income for that taxable year, which percentage is based upon income level and household size. The credit shall be computed in accordance with the following table.
| Income Range | 1 Person | 2 or More Persons |
| less than $6000 | 3% | 3% |
| $6001-9000 | 4% | 4% |
| $9001-12000 | 5% | 5% |
| $12001-15000 | 6% | 5% |
| $15001- {DEL | 6% | 6% |
(2) The maximum amount of the credit granted under this chapter will be as follows:
| Year | Credit Maximum |
| Commencing July 1977 | $ 55.00 |
| Commencing July 1978 | $150.00 |
| Commencing July 1979 | $175.00 |
| Commencing July 1980 | $200.00 |
| Commencing on July 1997 | $250.00 |
| and subsequent years | |
SECTION 2. This act shall take effect upon passage.
