Chapter 295
2010 -- H 8221
Enacted 06/25/10
A N A C T
RELATING TO
TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES
Introduced By: Representatives Lally, and D Caprio
Date Introduced: June 03, 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
twelve (12) per annum); provided, that taxes payable to the
city of
the town of North Kingstown, the town of New Shoreham,
the town of Glocester, the town of
Narragansett
and the town of
that only the unpaid quarterly payments are due and
payable to the city of
the town of North Kingstown, the town of New Shoreham,
the town of Glocester, the town of
Narragansett
and the town of
contrary."
SECTION 2. This act shall take effect upon passage.
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LC02814
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