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| 4 | 4 | | |
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| 5 | 5 | | 2025 -- S 0330 |
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| 6 | 6 | | ======== |
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| 7 | 7 | | LC001374 |
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| 8 | 8 | | ======== |
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| 9 | 9 | | S T A T E O F R H O D E I S L A N D |
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| 10 | 10 | | IN GENERAL ASSEMBLY |
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| 11 | 11 | | JANUARY SESSION, A.D. 2025 |
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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 Burke, LaMountain, Tikoian, Raptakis, and Appollonio |
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| 17 | 17 | | Date Introduced: February 21, 2025 |
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| 18 | 18 | | Referred To: Senate Finance |
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| 19 | 19 | | |
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| 20 | 20 | | |
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| 21 | 21 | | It is enacted by the General Assembly as follows: |
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| 22 | 22 | | SECTION 1. Section 44-5-8.1 of the General Laws in Chapter 44-5 entitled "Levy and 1 |
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| 23 | 23 | | Assessment of Local Taxes" is hereby amended to read as follows: 2 |
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| 24 | 24 | | 44-5-8.1. Waiver of interest on overdue quarterly tax payments. 3 |
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| 25 | 25 | | (a) Notwithstanding any other provision in this chapter to the contrary, any city or town 4 |
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| 26 | 26 | | may, by ordinance duly enacted, authorize a waiver of interest on one quarter’s overdue property 5 |
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| 27 | 27 | | tax payment and allow the remaining balance of taxes owed to be paid on a quarterly basis if all of 6 |
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| 28 | 28 | | the following conditions are satisfied by the taxpayer: 7 |
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| 29 | 29 | | (1) The property subject to the overdue payment is the residence or commercial property 8 |
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| 30 | 30 | | of the taxpayer and has been for the five (5) years immediately preceding the tax payment which is 9 |
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| 31 | 31 | | overdue. 10 |
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| 32 | 32 | | (2) The request for a waiver of interest is in writing, signed and dated by the taxpayer. 11 |
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| 33 | 33 | | (3) The taxpayer has made timely payments of taxes to the city or town for the five (5) 12 |
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| 34 | 34 | | years immediately preceding the tax payment, which is overdue. The burden of proof of timely 13 |
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| 35 | 35 | | payments shall be upon the taxpayer. 14 |
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| 36 | 36 | | (4) The bill for which the payment is overdue was issued less than two (2) years prior to 15 |
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| 37 | 37 | | the date of the request for a waiver of interest. 16 |
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| 38 | 38 | | (b) In no event shall the waiver of interest on a tax bill exceed five hundred dollars ($500). 17 |
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| 39 | 39 | | Decisions of the tax collector shall be in writing and contain a notice to the city or town council. If 18 |
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| 40 | 40 | | the taxpayer receives an adverse decision from the tax collector, the taxpayer must pay the interest 19 |
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| 41 | 41 | | |
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| 42 | 42 | | |
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| 43 | 43 | | LC001374 - Page 2 of 3 |
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| 44 | 44 | | and may file a claim for reimbursement with the city or town council within ten (10) days of the 1 |
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| 45 | 45 | | decision. 2 |
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| 46 | 46 | | (c) Any request for a waiver of taxes which meets criteria established by this section 3 |
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| 47 | 47 | | pursuant to a duly enacted ordinance shall be granted by the city or town. 4 |
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| 48 | 48 | | SECTION 2. This act shall take effect upon passage. 5 |
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| 49 | 49 | | ======== |
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| 50 | 50 | | LC001374 |
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| 51 | 51 | | ======== |
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| 52 | 52 | | |
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| 53 | 53 | | |
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| 54 | 54 | | LC001374 - Page 3 of 3 |
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| 55 | 55 | | EXPLANATION |
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| 56 | 56 | | BY THE LEGISLATIVE COUNCIL |
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| 57 | 57 | | OF |
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| 58 | 58 | | A N A C T |
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| 59 | 59 | | RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES |
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| 60 | 60 | | *** |
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| 61 | 61 | | This act would allow the waiver of interest on overdue taxes for commercial properties. 1 |
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| 62 | 62 | | This act would take effect upon passage. 2 |
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| 63 | 63 | | ======== |
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| 64 | 64 | | LC001374 |
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| 65 | 65 | | ======== |
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| 66 | 66 | | |
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