The bill amends Section 44-72-5 of the General Laws in the "Non-Owner Occupied Property Tax Act" to introduce specific exemptions from property tax assessments. It clarifies that the chapter does not supersede any applicable exemptions in the general or public laws. The tax will not be assessed against non-insulated, non-winterized properties that meet the following criteria: (1) the water supply to the property is disconnected from November 1 through April 1; (2) the property is used or occupied by the taxpayer at least from the Saturday before Memorial Day through Labor Day; (3) the property is not located in a blighted or substandard area as defined in 45-31-8; and (4) the property has been owned by the taxpayer or the taxpayer's family for more than twenty-five (25) years. This act will take effect upon passage.

Statutes affected:
2682: 44-72-5