2003 -- S 1025 AS AMENDED
RELATING TO LEVY AND ASSESSMENT OF LOCAL TAXES
Introduced By: Senator M. Teresa Paiva-Weed
Date Introduced: April 24, 2003
It is enacted by the General Assembly as follows:
SECTION 1. Chapter 44-5 of the General Laws entitled "Levy and Assessment of Local
Taxes" is hereby amended by adding thereto the following section:
44-5-2.1. Maximum levy - Jamestown. – (a) Notwithstanding any other provisions of
this chapter, in connection with the change of Jamestown's fiscal year from March 1 to June 30,
the town may levy a tax for its extended fiscal year in excess of five and one-half percent (5.5%)
in excess of the amount levied and certified by the town for the prior year, and such tax may
cover a period of sixteen (16) months.
(b) "Extended fiscal year" means the period March 1, 2004 to June 30, 2005.
(c) Notwithstanding the requirements of section 44-5-7(a), persons assessed pursuant to
the provisions of this section have the option to pay their taxes in quarterly installments, for the
extended fiscal year; provided, that the town is authorized to permit taxes to be paid in five (5)
SECTION 2. This act shall take effect upon passage.