The bill amends Section 44-3-13.6 of the General Laws in Chapter 44-3, titled "Property Subject to Taxation," to authorize the town of Jamestown to expand its local tax exemption ordinance for seniors aged 65 years and over. Specifically, it allows for an exemption of ten percent (10%) of the assessment cap or the assessed valuation, whichever is less, for taxpayers with an income between two hundred twenty percent (220%) and two hundred forty percent (240%) of the federal poverty guideline. The act is set to take effect upon passage.

Statutes affected:
2422: 44-3-13.6