2015 -- S 0558

========

LC001372

========

     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2015

____________

A N   A C T

RELATING TO TOWNS AND CITIES - RHODE ISLAND DEVELOPMENT IMPACT FEE

ACT

     

     Introduced By: Senators McCaffrey, Lynch, Walaska, and Ciccone

     Date Introduced: March 03, 2015

     Referred To: Senate Housing & Municipal Government

     It is enacted by the General Assembly as follows:

1

     SECTION 1. Chapter 45-22.4 of the General Laws entitled "Rhode Island Development

2

Impact Fee Act" is hereby amended by adding thereto the following section:

3

     45-22.4-4.1. Moratorium on the assessment of impact fees. – (a) The general assembly

4

hereby acknowledges the importance of providing relief to property owners and builders who are

5

proposing construction in the cities and towns by reducing the impact fees to reflect the reduction

6

in the issuance of building permits, the extremely poor condition of the building markets, and the

7

continued economic problems impacting the building industry. Accordingly, the general assembly

8

finds that a moratorium on the assessment of impact fees shall be established in an effort to

9

stimulate the building markets.

10

     (b) The general assembly hereby imposes a moratorium on the assessment and collection

11

of all impact fees as currently established or proposed by the cities, towns, or their fire districts

12

for all new construction and development pursuant to this chapter. This moratorium shall be in

13

place for a period of thirty-six (36) months from the effective date of this section or until new

14

statewide single family permit activity exceeds one thousand five hundred (1,500) units per year.

15

     SECTION 2. This act shall take effect upon passage.

========

LC001372

========

 

EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N   A C T

RELATING TO TOWNS AND CITIES - RHODE ISLAND DEVELOPMENT IMPACT FEE

ACT

***

1

     This act would impose a moratorium on the assessment and collection of impact fees on

2

cities and towns for the construction of public facilities for a period of thirty-six (36) months or

3

until new statewide single family permit activity exceeds one thousand five hundred (1,500)

4

units.

5

     This act would take effect upon passage.

========

LC001372

========

 

LC001372 - Page 2 of 2