2013 -- S 0675 SUBSTITUTE A

=======

LC01605/SUB A

=======

STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2013

____________

A N A C T

RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES

     Introduced By: Senator P Fogarty

     Date Introduced: March 06, 2013

     Referred To: Senate Finance

It is enacted by the General Assembly as follows:

1-1

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

1-2

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

1-3

     44-5-31.1. Burrillville -- Judgment. -- Notwithstanding any provision contained in

1-4

section 9-21-10, in any tax assessment appeal or civil action brought pursuant to the applicable

1-5

provisions of chapter 44-5 in which a verdict is rendered or a decision made for pecuniary

1-6

damages, the amount of interest which shall be included in the judgment entered therein shall not

1-7

exceed the sum of one hundred thousand dollars ($100,000).

1-8

     SECTION 2. This act shall take effect upon passage.

=======

LC01605/SUB A

========

EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N A C T

RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES

***

2-1

     This act would provide that any tax assessment appeal or civil action pursuant to section

2-2

9-21-10, brought against the town of Burrillville, relating to the levy and assessment of local

2-3

taxes, in which a verdict is rendered or a decision made for pecuniary damages, the amount of

2-4

interest which shall be included in the judgment entered therein shall not exceed the sum of one

2-5

hundred thousand dollars ($100,000).

2-6

     This act would take effect upon passage.

=======

LC01605/SUB A

=======