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| 5 | 5 | | 2023 -- S 0251 |
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| 6 | 6 | | ======== |
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| 7 | 7 | | LC000349 |
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| 8 | 8 | | ======== |
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| 9 | 9 | | S TATE OF RHODE IS LAND |
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| 10 | 10 | | IN GENERAL ASSEMBLY |
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| 11 | 11 | | JANUARY SESSION, A.D. 2023 |
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| 12 | 12 | | ____________ |
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| 13 | 13 | | |
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| 14 | 14 | | A N A C T |
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| 15 | 15 | | RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES |
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| 16 | 16 | | Introduced By: Senators Raptakis, F. Lombardi, Sosnowski, Ciccone, Tikoian, Paolino, |
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| 17 | 17 | | E Morgan, Burke, and LaMountain |
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| 18 | 18 | | Date Introduced: February 16, 2023 |
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| 19 | 19 | | Referred To: Senate Finance |
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| 20 | 20 | | |
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| 21 | 21 | | |
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| 22 | 22 | | It is enacted by the General Assembly as follows: |
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| 23 | 23 | | SECTION 1. Section 44-5-9 of the General Laws in Chapter 44-5 entitled "Levy and 1 |
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| 24 | 24 | | Assessment of Local Taxes" is hereby amended to read as follows: 2 |
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| 25 | 25 | | 44-5-9. Deductions and penalties to insure prompt payment. 3 |
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| 26 | 26 | | Any city or town may provide for a deduction from the tax assessed against any person, if 4 |
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| 27 | 27 | | paid by an appointed time, or for the penalties by way of percentage on a tax, if not paid at the time 5 |
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| 28 | 28 | | appointed, not exceeding eighteen percent (18%) twelve percent (12%) per annum, as it deems 6 |
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| 29 | 29 | | necessary to insure punctual payment; provided, that the city of Cranston may charge a penalty not 7 |
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| 30 | 30 | | exceeding twelve percent (12%) per annum. 8 |
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| 31 | 31 | | SECTION 2. This act shall take effect upon passage. 9 |
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| 32 | 32 | | ======== |
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| 33 | 33 | | LC000349 |
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| 34 | 34 | | ======== |
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| 35 | 35 | | |
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| 36 | 36 | | |
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| 37 | 37 | | LC000349 - Page 2 of 2 |
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| 38 | 38 | | EXPLANATION |
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| 39 | 39 | | BY THE LEGISLATIVE COUNCIL |
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| 40 | 40 | | OF |
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| 41 | 41 | | A N A C T |
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| 42 | 42 | | RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES |
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| 43 | 43 | | *** |
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| 44 | 44 | | This act would establish a statewide limit of twelve percent (12%) per year on interest 1 |
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| 45 | 45 | | charged by cities and towns on delinquent taxes. 2 |
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| 46 | 46 | | This act would take effect upon passage. 3 |
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| 47 | 47 | | ======== |
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| 48 | 48 | | LC000349 |
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| 49 | 49 | | ======== |
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| 50 | 50 | | |
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