Rhode Island General Laws 44-5-11.17. Division of municipal finance classification exemption authority
Notwithstanding any other provision of law to the contrary, the division of municipal finance (division) within the department of revenue shall have the authority to grant a one-year exemption to any city or town authorized to have a property tax classification structure under this chapter, where in the absence of such an exemption, the city or town would not be in compliance with its applicable tax classification structure. Any city or town seeking such an exemption shall provide the division with any documentation that the division deems necessary to grant an exemption. Such exemption, if approved by the division, shall be limited to one year. The city or town, if granted such an exemption, shall be required to either have applicable state legislation approved amending the specific section of law for which the exemption was sought or adjust its class tax rates so that the city or town is in compliance for its next fiscal year.
History of Section.
P.L. 2022, ch. 231, art. 6, § 7, effective June 27, 2022.
Terms Used In Rhode Island General Laws 44-5-11.17
- Department: means the department of revenue. See Rhode Island General Laws 44-5-43
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- town: may be construed to include city; the words "town council" include city council; the words "town clerk" include city clerk; the words "ward clerk" include clerk of election district; the words "town treasurer" include city treasurer; and the words "town sergeant" include city sergeant. See Rhode Island General Laws 43-3-9