The bill amends Section 44-3-31 of the General Laws in Chapter 44-3, which pertains to property subject to taxation in the City of Providence. The new legal language introduces a more comprehensive framework for tax exemptions, allowing the city council to exempt a specified dollar amount of real and/or personal property for qualified individuals, including veterans, their unmarried spouses, and individuals with disabilities. The bill expands the categories of eligible individuals to include veterans who are prisoners of war, gold star parents, and those aged sixty-five and older, among others.

In contrast, the bill deletes previous provisions that specified fixed exemption amounts for various groups, such as veterans and the blind, and instead grants the city council the authority to determine these amounts through ordinance or resolution. This change aims to provide the city council with greater flexibility in setting tax exemption limits based on the needs of the community. The act will take effect upon passage.

Statutes affected:
5307: 44-3-31