§ 16-7-19 — § 16-7-19. Computation of standard local tax rate.
§ 16-7-19. Computation of standard local tax rate.
(a) The standard local tax rate required to support the basic program shall be forty percent (40%).
(b) The statewide local tax rate to be used in calculating each community's share under § 16-7-20 shall be fifty percent (50%).
(c) Fifty percent (50%) of the difference resulting from the difference between the rate presented in subsection (a) and the rate presented in subsection (b) shall be used in accordance with § 16-5-31 and fifty percent (50%) of the difference shall be allocated annually by the general a
Free access — add to your briefcase to read the full text and ask questions with AI
Rhode Island § 16-7-19 (§ 16-7-19. Computation of standard local tax rate.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.