Rhode Island § 44-5-13.11 § 44-5-13.11. Qualifying low-income housing — Assessment and taxation.

Rhode Island Statutes

§ 44-5-13.11 — § 44-5-13.11. Qualifying low-income housing — Assessment and taxation.

Rhode Island § 44-5-13.11

Title 44Taxation

Ch. 44-5Levy and Assessment of Local Taxes

This text of Rhode Island § 44-5-13.11 (§ 44-5-13.11. Qualifying low-income housing — Assessment and taxation.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 44-5-13.11 (2026).

Text

§ 44-5-13.11. Qualifying low-income housing — Assessment and taxation.
Any residential property that has been issued an occupancy permit on or after January
            1, 1995, after substantial rehabilitation as defined by the U.S. Department of Housing
            and Urban Development and is encumbered by a covenant recorded in the land records
            in favor of a governmental unit or Rhode Island housing and mortgage finance corporation
            restricting either or both the rents that may be charged to tenants of the property
            or the incomes of the occupants of the property, is subject to a tax that equals eight
            percent (8%) of the property's previous years' gross scheduled rental 

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§ 44-5-13.11. Qualifying low-income housing — Assessment and taxation.

Any residential property that has been issued an occupancy permit on or after January 1, 1995, after substantial rehabilitation as defined by the U.S. Department of Housing and Urban Development and is encumbered by a covenant recorded in the land records in favor of a governmental unit or Rhode Island housing and mortgage finance corporation restricting either or both the rents that may be charged to tenants of the property or the incomes of the occupants of the property, is subject to a tax that equals eight percent (8%) of the property's previous years' gross scheduled rental income or a lesser percentage as determined by each municipality.