AN ACT RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES

SB 1095 permits the town of Little Compton to exceed its standard 4% annual property tax levy cap for fiscal year 2026, allowing a one-year tax increase limit of up to 12% instead. This exemption applies only to Little Compton and requires approval by the town's Financial Town Meeting. The bill amends existing tax levy rules to provide this temporary adjustment for the town's specific fiscal needs during FY 2026.