Creates business tax credit for, eliminates sale tax on, eliminates income tax on the sale of, and creates a 10 year tax valuation freeze on newly renovated affordable housing.
Grants the city of Woonsocket the authority to extend tax stabilization agreements within the city, for properties currently occupied by CVS at 1 CVS Drive, 100 Highland Industrial Park Drive, and other properties in the city.
Eliminates the gross earning tax for every corporation whose principal business is manufacturing, selling, distributing and/or transmitting current of electricity and natural gas to be used for light, heat, or motive power.
Provides that dental services rendered to patients would be reimbursed by standards governed by the general laws of Rhode Island.
Replaces the tax sale auction process with a real estate broker listing of the land for fair market value and any surplus proceeds realized upon sale shall be paid to the owner of the real estate at the time of the sale.
Requires carriers offering dental benefit plans to annually submit information which includes the current and projected medical loss ratio for claims for their plans. The medical loss ratio would be eighty-five percent (85%).
Phases in an annual increase of the net taxable estate exemption by ten percent (10%) per year until the state exemption equals the federal exemption.
Requires that all inspections, cleaning and maintenance and repairs of sidewalks along state highway and municipal roads, with the exception of snow and ice removal, be the responsibility of the state.
This resolution would authorize the appropriation of the sum of $180,000 to the RI State Conservation Committee and its three Conservation Districts.
Limits the assessment of interest to 4 calendar years prior to the date on which notice of the delinquent payment is sent to the taxpayer.
