The bill amends Section 44-5-88 of the General Laws in Chapter 44-5, which pertains to the levy and assessment of local taxes, by introducing a new provision for tax amnesty. Specifically, it allows municipalities to enact ordinances that authorize one tax amnesty period every three years, during which taxpayers can request a waiver of interest and penalties on overdue real estate and tangible tax payments. The previous provision that allowed for two separate sixty-day periods during fiscal years 2024 or 2025 has been removed. Additionally, the deadline for submitting requests for waivers has been updated to July 1 of the year in which the municipality schedules the waiver.

The bill also stipulates that decisions made by tax assessors or collectors must be documented in writing and communicated to the city or town council. If a taxpayer receives an unfavorable decision, they are required to pay the interest and penalties but can file a claim for reimbursement within ten days. Importantly, waivers of interest and penalties will not be granted for taxes owed during the tax year in which the amnesty is offered. This act will take effect upon its passage.

Statutes affected:
123: 44-5-88