Chapter
021
2007 -- S 0871
Enacted 05/30/07
A N A C T
RELATING TO TAXATION
-- PROPERTY SUBJECT TO TAXATION
Introduced By: Senators Doyle, DaPonte, J Montalbano, and McBurney
Date Introduced: March 20,
2007
It is enacted by the General Assembly as follows:
SECTION
1. Section 44-3-50 of the General Laws in Chapter 44-3 entitled "Property
Subject
to Taxation" is hereby amended to read as follows:
44-3-50.
Pawtucket -- Certain tax exemptions. -- (a) Notwithstanding any other
provisions
of general or special law to the contrary, the city council of the city of
Pawtucket is
authorized
to fix, by ordinance or resolution, the amount of the exemptions with respect
to
assessed
value from local taxation on taxable property to the following persons: for
veterans and
the
unmarried widow or widower of veterans as defined in section 44-3-4 at five
thousand dollars
($5,000) twelve thousand four hundred dollars ($12,400);
for persons who are visually impaired
as
defined in section 44-3-12 at thirty thousand dollars ($30,000) seventy-four
thousand three
hundred
dollars ($74,300); for veterans or
the unmarried widow or widower of veterans who are
totally
disabled as defined in section 44-3-4 at ten thousand dollars ($10,000) twenty-four
thousand
eight hundred dollars ($24,800); for
gold star parents as defined in section 44-3-5 at
seventy-five
hundred dollars ($7,500) eighteen
thousand six hundred dollars ($18,600); for
specially
adapted housing for veterans with paraplegia as defined in section 44-3-4 at ten
thousand
dollars ($10,000) twenty-four
thousand eight hundred dollars ($24,800); for any person
of age
sixty-five (65) years or over at ten thousand dollars ($10,000) thirty-seven
thousand one
hundred
dollars ($37,100). Beginning in
fiscal year 2003, the age exemption shall increase by one
thousand
dollars ($1,000) per year for five (5) years and then shall remain at fifteen
thousand
dollars
($15,000) Beginning in fiscal year
2008, the age exemption shall increase by three
thousand
dollars ($3,000) per year for three (3) years and then shall remain at
forty-six thousand
one
hundred dollars ($46,100); for any
person under the age of sixty-five (65) who is totally
disabled
and who has been receiving social security disability benefits for a period of
at least two
(2)
years at ten thousand dollars ($10,000) twenty-four thousand eight
hundred dollars ($24,800);
for any
person who owns real estate which is occupied by at least one owner, or one
principal,
shareholder
or member of the owner, if said owner is a corporation, limited liability
company or
other
legal entity recognized under the laws of the State of Rhode Island, and which that is
individually
listed or a contributing structure in a National Register of Historic Places
and is
listed
on the city of Pawtucket's local historic district as defined in section
45-24.1-1.1, or is
individually
listed as a local historic district, but shall not include individual
condominium units
located
within a qualifying structure, at
thirty thousand dollars ($30,000) at seventy-four thousand
three
hundred dollars ($74,300).
(b) Notwithstanding the language in section 44-5-13.2.5, all individuals who
are
receiving
the three (3) year exemption for increases in the assessed value of their real
property,
not
exceeding fifteen thousand dollars ($15,000) thirty-seven thousand
one hundred dollars
($37,100) cumulatively, resulting from alterations and
improvements to their real property as
provided
for under this section shall not have the three (3) year time period reduced by
the
implementation
of revaluation.
(c) Notwithstanding subsection (a) of this section, exemptions on motor
vehicles and
trailers
shall be determined as prescribed in section 44-34.1-1 regarding the phasing
out of taxes
on that
property.
(d) The city council of the city of Pawtucket may subject the exemptions
provided in this
section
to verifications with respect to qualification for exemptions that it deems
necessary or
desirable.
SECTION
2. This act shall take effect upon passage.
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LC02506
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