This bill authorizes several Rhode Island municipalities to offer property tax credits or exemptions for residents aged 65 and older. It allows local town councils to establish specific rules and dollar limits for these benefits, which can range from a flat reduction to a percentage of the property's value. The changes apply to real estate owned and occupied by eligible seniors and are designed to be applied uniformly without considering the applicant's ability to pay. By amending state tax laws, the legislation gives local governments the flexibility to create their own programs while ensuring all qualifying residents receive the same treatment.
Exempts from taxation the real and tangible personal property of Amos House, provided it remains a qualified tax-exempt corporation pursuant to § 501(c)(3) of the United States Internal Revenue Code.
This bill authorizes the state to use existing funds to pay specific claims for vehicle damage caused by roadway debris or defects. It allocates a total of $5,151.86 to compensate six individuals who were injured in separate incidents on state roads between 2024 and 2026. The legislation directs the State Controller to draw these payments from the General Treasurer, making the funds available without requiring new budgetary approval. Once passed by the legislature, the resolution becomes effective immediately without needing the governor's signature.
Exempts the real and tangible personal property of the Rhode Island Hispanic Chamber of Commerce, located at 359 Broad Street within the city of Providence.
Authorizes the Town of Portsmouth to issue bonds and notes in amount not exceeding $41,000,000 to finance construction, additions, renovation, improvement, alteration, repair, furnishing and equipping of schools and school facilities throughout the town.
SB 3262 updates the state law for Glocester, Rhode Island, to allow the town council to offer property tax credits to elderly and disabled residents. The bill authorizes a base credit of up to $2,070 for owners aged 65 or older or those under 65 who are permanently disabled, with higher additional credits for those over 80. These financial benefits are adjusted annually using a specific non-compounding method based on the consumer price index and apply regardless of the owner's income level. The legislation also clarifies that only one exemption is granted per property, even if multiple owners are eligible, and ensures these credits work alongside other existing tax exemptions.
This bill authorizes the town of Burrillville to exempt specific property related to Wilson's Reservoir from real and personal property taxes. The exemption covers the lakebed and any land containing dams, spillways, or associated structures owned by a Dam Management District. Additionally, the legislation requires that fees collected for this management district be gathered using the same legal procedures and authority used for collecting municipal taxes. While the bill also updates a similar tax exemption for the Pascoag Reservoir in Burrillville and Glocester, its primary new provision focuses on Wilson's Reservoir in Burrillville.
Exempts from taxation the property of the nonprofit Mount St. Rita Health Centre located in Cumberland, RI. The exemption would be effective as of December 31, 2025.
SB 2073 exempts Community MusicWorks' real and tangible personal property (such as buildings and equipment) in Providence from local property taxes. This targeted exemption adds the nonprofit arts organization to Rhode Island's list of tax-exempt entities under Chapter 44-3. The bill amends existing tax law to specifically include Community MusicWorks, directly affecting its property tax obligations. The change applies only to this organization and its physical assets in Providence.
Repeals the Tiverton tax credit for totally disabled veterans and includes a veteran's unmarried widow or widower for a tax credit in the amount of four hundred dollars ($400) or greater.
