Rhode Island § 44-72-4 § 44-72-4. Imposition and proceeds of tax.

Rhode Island Statutes

§ 44-72-4 — § 44-72-4. Imposition and proceeds of tax.

Rhode Island § 44-72-4

Title 44Taxation

Ch. 44-72Non-Owner Occupied Property Tax Act

This text of Rhode Island § 44-72-4 (§ 44-72-4. Imposition and proceeds of tax.) 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 § 44-72-4 (2026).

Text

§ 44-72-4. Imposition and proceeds of tax.
(a) For taxable years beginning on or after July 1, 2026, a tax is imposed upon the privilege
            of utilizing property as non-owner occupied residential property within the state
            during any taxable year. The non-owner occupied tax shall be in addition to any other
            taxes authorized by the general or public laws.
         
(b) With respect to the tax imposed by this chapter, the tax administrator shall contribute
            the entire tax to the low-income housing tax credit fund established pursuant to § 44-71-11.
         

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§ 44-72-4. Imposition and proceeds of tax.

(a) For taxable years beginning on or after July 1, 2026, a tax is imposed upon the privilege of utilizing property as non-owner occupied residential property within the state during any taxable year. The non-owner occupied tax shall be in addition to any other taxes authorized by the general or public laws.

(b) With respect to the tax imposed by this chapter, the tax administrator shall contribute the entire tax to the low-income housing tax credit fund established pursuant to § 44-71-11.