2022 -- H 8058

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LC005622

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2022

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A N   A C T

RELATING TO TAXATION -- TAX SALES

     

     Introduced By: Representative Alex D. Marszalkowski

     Date Introduced: March 25, 2022

     Referred To: House Municipal Government & Housing

     It is enacted by the General Assembly as follows:

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     SECTION 1. Chapter 44-9 of the General Laws entitled "Tax Sales" is hereby amended by

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adding thereto the following section:

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     44-9-18.5. Cumberland - Assignments to the Cumberland land trust.

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     The town of Cumberland, with the approval of the town council, may transfer and assign

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any or all tax titles held by the town to the Cumberland Land Trust, Inc. for no monetary

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consideration or for an amount agreed to by the town and the Cumberland Land Trust, Inc., and

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further shall not be required to send notice of any intended transfer or assignment to the owner of

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record. The transfer or assignment shall not confer upon the Cumberland Land Trust, Inc., any

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greater rights or responsibilities than those granted to or imposed upon the town of Cumberland as

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original holder of the tax title. The Cumberland Land Trust, Inc. shall hold any tax title transferred

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or assigned subject to any and all rights of redemption held by the owner of record and/or his or

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her successors and assigns in title. Any and all statutory redemption costs shall be paid to the town

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of Cumberland and the Cumberland Land Trust, Inc. Notwithstanding the foregoing provisions, the

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Cumberland Land Trust, Inc., shall also hold and be permitted to exercise any rights that the town

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of Cumberland previously held, including the right to petition for foreclosure of any rights of

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redemption.

 

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     SECTION 2. This act shall take effect upon passage.

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N   A C T

RELATING TO TAXATION -- TAX SALES

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     This act would provide for the transfer, with the approval of the town council, of all tax

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titles held by the town of Cumberland to the Cumberland Land Trust, Inc.

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     This act would take effect upon passage.

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