Chapter 394
2011 -- H 5946
Enacted 07/13/11
A N A C T
RELATING TO
TAXATION -- PAYMENT OF LOCAL TAXES
Introduced
By: Representatives Williams,
Date Introduced: March 17, 2011
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. -- (a)
The option to allow payment of
taxes in installments 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 interest
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 ; provided, that
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,
and the town of
notwithstanding the provisions of this section to the contrary."
(b) Notwithstanding
the provisions of subsection (a), each municipality shall have the
authority, in the case of failure of a taxpayer to pay the
first installment or any succeeding
installment by the last date of the respective installment
period, to require immediate payment of
only that late installment, and to impose an interest
charge only on that late installment.
SECTION 2. This act shall take effect upon passage.
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LC01687
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