Rhode Island § 44-5-9 § 44-5-9. Deductions and penalties to insure prompt payment.

Rhode Island Statutes

§ 44-5-9 — § 44-5-9. Deductions and penalties to insure prompt payment.

Rhode Island·Title 44 Taxation·Ch. 44-5 Levy and Assessment of Local Taxes

§ 44-5-9. Deductions and penalties to insure prompt payment.
Any city or town may provide for a deduction from the tax assessed against any person,
            if paid by an appointed time, or for the penalties by way of percentage on a tax,
            if not paid at the time appointed, not exceeding eighteen percent (18%) per annum,
            as it deems necessary to insure punctual payment; provided, that the city of Cranston
            may charge a penalty not exceeding twelve percent (12%) per annum.
         

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§ 44-5-9. Deductions and penalties to insure prompt payment.

Any city or town may provide for a deduction from the tax assessed against any person, if paid by an appointed time, or for the penalties by way of percentage on a tax, if not paid at the time appointed, not exceeding eighteen percent (18%) per annum, as it deems necessary to insure punctual payment; provided, that the city of Cranston may charge a penalty not exceeding twelve percent (12%) per annum.

Rhode Island § 44-5-9 (§ 44-5-9. Deductions and penalties to insure prompt payment.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

G.L. 1896, ch. 50, § 1; G.L. 1909, ch. 62, § 1; G.L. 1923, ch. 64, § 1; G.L. 1938, ch. 36, § 1; G.L. 1956, § 44-5-9; P.L. 1982, ch. 143, § 2; P.L. 1982, ch. 343, § 2.