2023 -- H 6291

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LC002814

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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 -- PROPERTY SUBJECT TO TAXATION

     

     Introduced By: Representatives Place, and Newberry

     Date Introduced: April 19, 2023

     Referred To: House Municipal Government & Housing

     It is enacted by the General Assembly as follows:

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     SECTION 1. Section 44-3-56 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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     44-3-56. Tax credit in lieu of tax exemption in the town of Burrillville.

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     (a) The town council of the town of Burrillville may, by ordinance, grant a dollar tax credit

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of a specific dollar amount in lieu of the tax exemptions allowed pursuant to the provisions of §§

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44-3-4, 44-3-5, 44-3-12, 44-3-15 and 44-3-35 and chapter 22 of the public laws of 1973. The basis

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for determining eligibility for the dollar tax credit shall be as set forth in §§ 44-3-4, 44-3-5, 44- 3-

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12, 44-3-15 and 44-3-35 and chapter 22 of the public laws of 1973. The dollar tax credit shall be a

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direct deduction from the tax bill.

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     (b) In lieu of the dollar tax credit allowed in subsection (a), the town council of the town

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of Burrillville may, by ordinance, establish a dollar tax credit for persons who meet the criteria set

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forth in §§ 44-3-15 and 44-3-35 and chapter 22 of the public laws of 1973 based on household

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gross income. The dollar tax credit may vary based on the household gross income.

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     (c) The total amount of all flat rate tax credits shall not exceed three percent (3%) four

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percent (4%) of the prior year’s tax levy.

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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 -- PROPERTY SUBJECT TO TAXATION

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     This act would increase the total amount of all flat tax credits from three percent (3%) to

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four percent (4%) of the prior year's tax levy.

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     This act would take effect upon passage.

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