Introduced By: Representatives Menard, Reilly, Iwuc and Farrell
Date Introduced : June 10, 1999
It is enacted by the General Assembly as follows:
SECTION 1. Section 44-3-25 of the General Laws in Chapter 44-3 entitled "Property Subject to Taxation" is hereby amended to read as follows:
44-3-25. Maximum exemptions in the town of Cumberland. --
(a) The maximum exemption from taxation for residents of the town
of Cumberland under any of the provisions of this chapter shall
not exceed the sum of {DEL twenty-two DEL} {ADD twenty seven ADD}
thousand five hundred dollars {DEL ($22,500) DEL} {ADD ($27,500) ADD};
provided, however, that the provisions of this section shall not
apply to the additional exemption of seven thousand five hundred
dollars ($7,500) provided to certain low-income elderly pursuant
to section 44-3-13.2.
(b) It is further provided that the provisions of this section shall not apply to the additional exemption of twenty-two thousand five hundred dollars ($22,500) provided to prisoners of war pursuant to section 44-3-4.
SECTION 2. This act shall take effect upon passage and apply to taxes assessed on December 31, 1999 and thereafter.
