The bill amends Section 44-5-2 of the General Laws regarding the levy and assessment of local taxes. It permits the city of Cranston a one-year levy cap exemption for the fiscal year ending June 30, 2027, not to exceed seven and forty-five hundredths percent (7.45%). This act is designed to provide flexibility for local governments in managing their tax levies in response to unique financial circumstances. The act would take effect upon passage.

Statutes affected:
8473: 44-5-2