2023 -- H 6513
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LC003204
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S TATE OF RHODE IS LAND
IN GENERAL ASSEMBLY
JANUARY SESSION, A.D. 2023
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A N A C T
RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES
Introduced By: Representatives Casey, J. Brien, and Phillips
Date Introduced: June 10, 2023
Referred To: House Municipal Government & Housing
It is enacted by the General Assembly as follows:
SECTION 1. Section 44-5-13.11 of the General Laws in Chapter 44-5 entitled "Levy and 1
Assessment of Local Taxes" is hereby amended to read as follows: 2
44-5-13.11. Qualifying low-income housing — Assessment and taxation. 3
(a) Any residential property that has been issued an occupancy permit on or after January 4
1, 1995, after substantial rehabilitation as defined by the U.S. Department of Housing and Urban 5
Development and is encumbered by a covenant recorded in the land records in favor of a 6
governmental unit or Rhode Island housing and mortgage finance corporation restricting either or 7
both the rents that may be charged to tenants of the property or the incomes of the occupants of the 8
property, is subject to a tax that equals eight percent (8%) of the property’s previous years’ gross 9
scheduled rental income or a lesser percentage as determined by each municipality. 10
(b) Provided, however, that the city of Woonsocket has achieved the goal of having ten 11
percent (10%) of its housing stock as affordable, as defined by § 45-53-3, it shall not be required 12
to accept any additional residential properties, that would otherwise be eligible for the alternative 13
assessment and taxation relief granted by subsection (a) of this section. 14
SECTION 2. This act shall take effect upon passage. 15
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LC003204
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LC003204 - Page 2 of 2
EXPLANATION
BY THE LEGISLATIVE COUNCIL
OF
A N A C T
RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES
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This act would provide that the city of Woonsocket not be required to accept additional 1
residential properties subject to the alternative tax assessment due to its stock of affordable housing 2
meeting the ten percent (10%) housing requirement. 3
This act would take effect upon passage. 4
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LC003204
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