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 exemption is in addition to any existing exemptions. The act will take effect upon passage.

Statutes affected:
3363: 44-3-13