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.
Amends the school funding formula to ensure that local education authorities do not lose funding due to disruptions in the supplemental nutrition assistance program.
This bill amends state law to allow the town of Glocester to offer expanded property tax credits and exemptions for elderly and disabled homeowners. It authorizes the town council to create a base exemption of up to $2,070 for owners aged 65 or older or those with permanent disabilities, with annual adjustments based on the consumer price index. The legislation also permits additional credits for residents over 80, variable income limits for certain applicants, and a minimum annual tax payment requirement. These changes would apply uniformly to qualified owner-occupants and would be administered through town ordinances following specific eligibility verification processes.
This bill authorizes the town of Coventry to split its property tax bill between residential and commercial properties based on a specific percentage set by the town council. It requires the town assessor to calculate the total tax amount and then apply different rates to each property type - such as single-family homes versus businesses - to ensure the correct share of the tax is collected from each. The law applies retroactively starting December 31, 2025, allowing the town to adjust how taxes are levied for that period and going forward.
HB 8508 amends Rhode Island property tax laws to exempt the real and tangible personal property of the Blackstone Valley Advocacy Center in Providence from taxation. The bill achieves this by adding a new category to the state's list of property exemptions, which already includes items like religious buildings, charitable institutions, and volunteer fire companies. This change directly affects the Blackstone Valley Advocacy Center by removing its property from the local tax roll. The legislation does not alter the tax status of any other organizations or individuals.
HB 8437 changes how veterans receive tax relief in the city of Cranston by converting a property tax exemption into a tax credit. Under this new provision, eligible veterans and their unmarried widows or widowers will receive a credit of up to $182.90 per year instead of having $3,000 removed from their property value. This adjustment is designed to be updated every three years based on property revaluations and changes in the consumer price index. The bill directly affects military service members who served honorably in various conflicts and the surviving spouses of those who have passed away.
SB 3293 modifies how veterans and their unmarried widows or widowers receive property tax relief in the city of Cranston, Rhode Island. Specifically, it changes the existing tax exemption for qualifying veterans in Cranston to a tax credit, limiting the annual benefit to a maximum of $182.90 that is adjusted every three years based on property revaluation and the consumer price index. This bill directly affects current and former military service members and their spouses residing in Cranston who would otherwise be eligible for a standard property tax exemption.
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.
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.
Authorizes municipalities to transfer, apply or provide doe an applicable prorate veteran’s property exemption for the remainder of the tax year when a veteran sells property and purchases another property.
