§ 44-3-13.14 — § 44-3-13.14. Foster — Exemption of elderly and disabled persons.

Rhode Island § 44-3-13.14

• Jurisdiction: Rhode Island
• Title 44: Taxation
• Ch. 44-3: Property Subject to Taxation

Text

§ 44-3-13.14. Foster — Exemption of elderly and disabled persons.

The town council of the town of Foster may, by ordinance, issue a tax credit for real property situated in the town of Foster that is owned and occupied by resident owners as follows:

(1) Any owner of an owner-occupied, single-family dwelling who has attained the age of sixty-seven (67) years, or more, or who is totally disabled and who is a resident of the town of Foster, as provided in said ordinance, shall be entitled to a tax credit equal to the lesser of:

(i) Five hundred dollars ($500); or

(ii) Any increase in the "dollar amount� required to be paid by such owner on the said property above the "dollar amount� required to be paid in taxes during the tax assessment next following such owner's sixty-seventh birthday, or following the filing of a certificate evidencing disability, as provided in said ordinance.

(2) Any owner of an owner-occupied, single-family dwelling who has attained the age of seventy-seven (77) years, or more, and who is a resident of the town of Foster, as provided in said ordinance, shall be entitled to a tax credit equal to the lesser of:

(i) One thousand dollars ($1,000); or

(ii) Any increase in the "dollar amount� required to be paid by such owner on the said property above the "dollar amount� required to be paid in taxes during the tax assessment next following such owner's seventy-seventh birthday, as provided in said ordinance.

Legislative History

P.L. 2017, ch. 287, § 1; P.L. 2017, ch. 298, § 1.