Chapter 266
2010 -- S 2999
Enacted 06/25/10
A N A C T
RELATING TO
TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES
Introduced By: Senators Sheehan, C Levesque, and DaPonte
Date Introduced: June 09, 2010
It is enacted by the General
Assembly as follows:
SECTION 1. Section 44-5-8 of the General Laws in Chapter
44-5 entitled "Levy and
Assessment of Local
Taxes" is hereby amended to read as follows:
44-5-8.
Form of option for quarterly payment. -- The
option shall be expressed in
substantially the following form:
"The tax may be
paid in ____ installments, the first installment of ____ percent on or
before the ____ day of ____ A.D. 20____ : (proportions and
dates to be specified.)"
"Each installment
of taxes if paid on or before the last day of each installment period
successively and in order is free from any charge for
interest."
"If the first
installment or any succeeding installment of taxes is not paid by the last date
of the respective installment period or periods as they
occur then the whole tax or remaining
unpaid balance of the tax as the case may be immediately
becomes due and payable and carries
until collected a penalty at the rate of ____ percent (not
less than six (6) nor more than eighteen
(18) or, in the case of the
city of
taxes payable to the city of
of West Greenwich, the town of East Greenwich, the town
of North Kingstown, the town of New
Shoreham, the town of
interest on any unpaid quarterly payments, and that only the
unpaid quarterly payments are due
and payable to the city of Newport, the town of
Middletown, the town of Hopkinton, the town of
West Greenwich, the town of East Greenwich, the town
of North Kingstown, the town of New
Shoreham, the town of Glocester,
the town of
notwithstanding the provisions of this section to the contrary."
SECTION 2. This act shall take effect upon passage.
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LC02880
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