The bill amends Section 44-5-11.8 of the General Laws concerning the classification of property for local 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, Middletown, Little Compton, Scituate, Coventry, New Shoreham, and Bristol. The act will take effect upon passage.

Statutes affected:
7045: 44-5-11.8