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. It introduces a new provision for tax amnesty, allowing municipalities to enact ordinances that authorize one tax amnesty period every three years. During this period, taxpayers can request a waiver of interest and penalties on overdue real estate and tangible tax payments, provided the request is submitted in writing by July 1 of the scheduled year. The previous provision allowing two separate sixty-day periods during fiscal years 2024 or 2025 has been removed.

The bill does not include any stipulations regarding the documentation and communication of decisions made by tax assessors or collectors, nor does it mention any requirements for taxpayers to pay interest and penalties or file claims for reimbursement. Additionally, waivers of interest and penalties will not be granted for taxes owed during the tax year in which the amnesty is offered. The act will take effect upon its passage.

Statutes affected:
5695: 44-5-88