H8288

	2022 -- H 8288
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	LC006029
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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 -- LEVY AND ASSESSMENT OF LOCAL TAXES

	Introduced By: Representatives Chippendale, Hawkins, and Place
	Date Introduced: May 26, 2022
	Referred To: House Municipal Government & Housing
	It is enacted by the General Assembly as follows:
1	SECTION 1. Chapter 44-5 of the General Laws entitled "Levy and Assessment of Local
2	Taxes" is hereby amended by adding thereto the following section:
3	44-5-2.3. Glocester -- Maximum levy.
4	(a) Factory Mutual Insurance Company shall be added to the tax rolls of the town of
5	Glocester and be subject to the tax levy as of December 31, 2021.
6	(b) The town of Glocester shall be allowed to increase the tax levy for the fiscal year 2023
7	by no more than twelve and forty-six one hundredths percent (12.46%).
8	SECTION 2. This act shall take effect upon passage.
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	LC006029
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	EXPLANATION
	BY THE LEGISLATIVE COUNCIL
	OF
	A N A C T
	RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES
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1	This act would allow the town of Glocester to tax the real and tangible property of Factory
2	Mutual Insurance Company. This act would also allow the town of Glocester to increase their tax
3	levy by twelve and forty-six one hundredths percent (12.46%) for the fiscal year 2023.
4	This act would take effect upon passage.
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	LC006029
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	LC006029 - Page 2 of 2