2023 -- H 5713 | |
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LC001990 | |
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STATE OF RHODE ISLAND | |
IN GENERAL ASSEMBLY | |
JANUARY SESSION, A.D. 2023 | |
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A N A C T | |
RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES | |
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Introduced By: Representatives Noret, Casimiro, Finkelman, Baginski, Costantino, | |
Date Introduced: February 17, 2023 | |
Referred To: House Municipal Government & Housing | |
It is enacted by the General Assembly as follows: | |
1 | SECTION 1. Section 44-5-8.1 of the General Laws in Chapter 44-5 entitled "Levy and |
2 | Assessment of Local Taxes" is hereby amended to read as follows: |
3 | 44-5-8.1. Waiver of interest on overdue quarterly tax payments. |
4 | (a) Notwithstanding any other provision in this chapter to the contrary, any city or town |
5 | may, by ordinance duly enacted, authorize a waiver of interest on one quarter’s overdue property |
6 | tax payment and allow the remaining balance of taxes owed to be paid on a quarterly basis if all of |
7 | the following conditions are satisfied by the taxpayer: |
8 | (1) The property subject to the overdue payment is the residence or commercial property |
9 | of the taxpayer and has been for the five (5) years immediately preceding the tax payment which is |
10 | overdue. |
11 | (2) The request for a waiver of interest is in writing, signed and dated by the taxpayer. |
12 | (3) The taxpayer has made timely payments of taxes to the city or town for the five (5) |
13 | years immediately preceding the tax payment, which is overdue. The burden of proof of timely |
14 | payments shall be upon the taxpayer. |
15 | (4) The bill for which the payment is overdue was issued less than two (2) years prior to |
16 | the date of the request for a waiver of interest. |
17 | (b) In no event shall the waiver of interest on a tax bill exceed five hundred dollars ($500). |
18 | Decisions of the tax collector shall be in writing and contain a notice to the city or town council. If |
19 | the taxpayer receives an adverse decision from the tax collector, the taxpayer must pay the interest |
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1 | and may file a claim for reimbursement with the city or town council within ten (10) days of the |
2 | decision. |
3 | (c) Any request for a waiver of taxes which meets criteria established by this section |
4 | pursuant to a duly enacted ordinance shall be granted by the city or town. |
5 | SECTION 2. This act shall take effect upon passage. |
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LC001990 | |
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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 waiver of interest on overdue taxes for commercial properties. |
2 | This act would take effect upon passage. |
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LC001990 | |
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