The bill amends Section 44-3-13 of the General Laws in Chapter 44-3, which pertains to property subject to taxation, specifically focusing on tax credits for residents over the age of sixty-five (65). It allows the town of Tiverton to authorize, by ordinance, a real estate tax credit for eligible seniors. This tax credit will be issued against the annual tax bill and will be determined by submitting an application to the tax assessor. The credit is in addition to any other tax benefits seniors may qualify for.

The bill does not specify a fixed exemption amount, as the previous language regarding an exemption not exceeding ten thousand dollars ($10,000) of valuation has been removed. The act will take effect upon passage.

Statutes affected:
8025: 44-3-13