Chapter 074

2009 -- S 0815

07/01/09

 

A N A C T

RELATING TO TAXATION     

     

     Introduced By: Senator Louis P. DiPalma

     Date Introduced: March 24, 2009

   

It is enacted by the General Assembly as follows:

 

     SECTION 1. Section 44-3-39 of the General Laws in Chapter 44-3 entitled "Property

Subject to Taxation" is hereby amended to read as follows:

 

     44-3-39. Middletown -- Exemption of persons over the age of 65. -- Notwithstanding

any other provisions of a general or special law to the contrary, the town council of the town of

Middletown is authorized to fix, by ordinance or resolution, the amount of exemptions with

respect to the assessed value from local taxation on taxable real property situated in the town,

owned and occupied by any person over the age of sixty-five (65) years, whether the real property

is income-producing or not.

      Said exemption shall be available to persons over sixty-five (65) years of age who own

and occupy this property. Said exemption shall not be less than twenty-two thousand five hundred

dollars ($22,500) of assessed value for all qualifying property owners regardless of income and

shall not exceed sixty-two thousand dollars ($62,000) of assessed value for qualified property

owners who have claimed income of less than thirty thousand dollars ($30,000), (maximum

income limit); provided, however, that said maximum income limit shall increase annually based

upon the Consumer Price Index calculated utilizing the average of: U.S. City Average; Northeast

Urban Cities and Boston Metropolitan figures for September of each year. The exemption shall

be in an amount established by the town council, including a complete exemption, and under

conditions specified by the town council including income and/or property value limitations.

 

     SECTION 2. This act shall take effect upon passage, without voter approval

notwithstanding any general or special law, charter or ordinance to the contrary, in conformance

with the reserved powers of the general assembly pursuant to article XIII, section 5 of the

constitution of the state of Rhode Island.

     

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LC02170

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