The bill amends Section 44-33-9 of the General Laws in Chapter 44-33, titled "Property Tax Relief," to enhance tax credits for elderly and disabled individuals who own or rent their homes. The income range for eligibility is increased to a maximum of fifty thousand dollars ($50,000), and the maximum tax credit is raised to eight hundred fifty dollars ($850) for tax years beginning on or after January 1, 2027.

The bill does not specify a maximum credit of six hundred dollars ($600) for tax years starting January 1, 2022, as this is not included in the extracted insertions and deletions.

Additionally, the bill does not include provisions for annual adjustments based on the Consumer Price Index for all Urban Consumers (CPI-U).

This act is set to take effect upon passage.

Statutes affected:
2031: 44-33-9