The bill amends Section 44-5-11.8 of the General Laws concerning the classification of local taxes. It specifically allows the town of Portsmouth to adopt a tax classification plan, which can be established, modified, or repealed by the Portsmouth town council for any tax year starting from December 31, 2026. The new language introduced by the bill enables the town council to adopt a tax classification plan in accordance with existing provisions, while also allowing for modifications in subsequent years. The act is set to take effect upon passage.

Statutes affected:
7661: 44-5-11.8