2018 -- S 2369

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LC004375

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2018

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A N   A C T

RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION

     

     Introduced By: Senator Elizabeth A. Crowley

     Date Introduced: February 15, 2018

     Referred To: Senate Finance

     It is enacted by the General Assembly as follows:

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     SECTION 1. Section 44-3-34 of the General Laws in Chapter 44-3 entitled "Property

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Subject to Taxation" is hereby amended to read as follows:

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     44-3-34. Central Falls -- Homeowner exemption.

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     (a) The city council of the city of Central Falls, may, by ordinance, provide that the

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property of each person who is a domiciled resident of the city of Central Falls and which

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property is the principal residence of that person is exempt from taxation as follows: single-

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family dwellings not to exceed sixty thousand dollars ($60,000) of assessed valuation; two (2)

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family dwellings not to exceed five thousand dollars ($5,000) of assessed valuation; three (3)

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through eight (8) family dwellings and commercial units not to exceed three thousand dollars

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($3,000) of assessed valuation. The exemption is applied to residential property and includes

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property with up to a total of eight (8) residential units and may include one commercial or

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professional use unit as part of the total of eight (8) assessed units; provided, that the person

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entitled to the exemption has presented to the city tax assessors, on or before the last day on

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which sworn statements may be filed with the assessors for the year for which exemption is

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claimed. That person is entitled to the exemption as long as his or her legal residence remains

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unchanged.

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     (b) Each person upon application for exemption shall provide by means of a sworn

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statement to the assessor clear and convincing evidence to establish his or her legal residence at

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the property subject to the exemption.

 

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     (c) In the event that the property subject to the exemption should be sold or otherwise

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transferred during the year for which the exemption is claimed to a person who does not qualify

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for the exemption, the exemption is deemed void and the seller or transferor is liable to the city

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for reimbursement of any tax benefit received as a result of the exemption. In the event property

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granted an exemption under this section is sold or transferred during the year for which the

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exemption is claimed, the city of Central Falls, upon approval of the city council, may provide for

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a proration of the homestead exemption in cases where title to a property passes from:

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     (1) Those not entitled to claim an exemption to those who are entitled to claim an

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exemption; or

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     (2) A person entitled to claim an exemption to those who are not entitled to claim an

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exemption.

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     (d) The city council of the city of Central Falls shall, by ordinance, establish rules and

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regulations governing the acceptance of evidence of residence.

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     SECTION 2. This act shall take effect on August 1, 2018.

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N   A C T

RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION

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     This act would provide for proration of a homestead exemption in the city of Central

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Falls in cases when property is transferred during the year for which the exemption is claimed.

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     This act would take effect on August 1, 2018.

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