ARTICLE 4 SUBSTITUTE A AS AMENDED
RELATING
TO PROPERTY TAX RELIEF
SECTION 1. Section 44-33-2.1 of the General Laws in Chapter 44-33 entitled “Property Tax Relief” is hereby amended to read as follows:
44-33-2.1. Property tax relief – Limitation. – Property
tax relief. – (a) Appropriations from the general fund for property tax
relief provided by this chapter shall be in the amount of six million dollars
($6,000,000) for fiscal year 1998-1999
and for each subsequent fiscal year.
(b)(a) A claimant sixty-five (65) years of age or
older, and/or disabled during any portion of the year for which the claim was
filed shall be paid in full upon receipt of his or her claim for relief under
this chapter.
(c)(b) The tax administrator shall not pay any
claims to claimants who were under sixty-five (65) years of age or not disabled
on the last day of the taxable year for which the claim is made until the total
amount of all timely-filed claims has been paid under subsection (b)(a) of
this section. This The balance of funds
appropriated shall be determined as of June 30 annually less the sum
of fifty thousand dollars ($50,000) annually for payment of late-filed claims
approved by the tax administrator under § 44-33-18.
(d)(c) If insufficient funds exist as of June 30 annually
to pay the full amount of all claims of persons under sixty-five (65) years of
age and/or not disabled on the last day of the taxable year for which the claim
is made, the tax administrator shall make payments to each claimant
proportionately. No payment shall exceed one hundred percent (100%) of the
amount of the claim.
(e)(d) Late-filed claims approved under § 44-33-18
for claimants sixty-five (65) years of age or older and/or disabled are paid in
full upon receipt of his or her claim for relief under this chapter. Late-filed
claims approved under § 44-33-18 for claimants under sixty-five (65) years of
age and/or not disabled are paid at the same percentage as determined under
subsection (d)(c)
of this section.
SECTION 2. This article shall take effect as of July 1, 2005.