The bill amends Section 44-5-11.8 of the General Laws concerning the classification of property for tax purposes. It introduces a new provision that allows the town of Bristol to apply the owner-occupied tax rate for mixed-use properties where the residential portion is owner-occupied. The bill specifies that this classification may also include residential properties containing partial commercial or business uses. Additionally, it maintains existing provisions regarding tax classification plans that can be adopted by various town councils, including those of Glocester, East Greenwich, and Bristol. The act is set to take effect upon passage.

Statutes affected:
2040: 44-5-11.8