This bill amends Section 44-5-2 of the General Laws regarding the levy and assessment of local taxes. It specifically allows the city of Providence to levy a tax in fiscal year 2026 in an amount not to exceed seven percent (7%) in excess of the total amount levied and certified by that city for its previous fiscal year. Additionally, it provides that any residential properties located in the city of Providence, except for those registered as short-term rentals, shall be exempt from any increase in property taxes. The Providence city council is required to adopt appropriate measures to ensure compliance with this provision. The act will take effect upon passage.

Statutes affected:
5966: 44-5-2