Chapter 271

2014 – H 7294

Enacted 07/01/14

 

A N   A C T

RELATING TO TAXATION

Introduced By: Representatives Casey, and Phillips

Date Introduced: January 30, 2014

 

It is enacted by the General Assembly as follows:

 

SECTION 1. Chapter 44-5 of the General Laws entitled "Levy and Assessment of Local Taxes" is hereby amended by adding thereto the following section:

44-5-74.5. Woonsocket -- Exemption for elderly residents. – (a) For the city's fiscal year 2014-2015 and thereafter, the budget commission for the city of Woonsocket, or any individual or body authorized by law to take such action, is authorized to annually fix the amount, if any, of a real estate tax exemption for Woonsocket residents based on age upon such terms and conditions as it deems reasonable. Exemption rates may be tiered based upon income level.

(b) Any such exemption shall only apply to residential property owned and occupied by the applicant.

SECTION 2. This act shall take effect upon passage.

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LC003943
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