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ARTICLE III. TAX CREDITS
Sec. 25-81. Schedule.
(a) Dollar tax credits. Pursuant to the authority granted to the town council by G.L. 1956, § 44-3-56 the town council hereby establishes a system (schedule) of tax credits in lieu of tax exemptions allowed pursuant to the provisions of the following sections of the general laws:
TABLE INSET:
G.L. 1956 |
Exemption Title |
Tax Credit |
§ 44-3-4 |
P.O.W. veteran |
$900.00 |
§ 44-3-4 |
Veteran |
225.00 |
§ 44-3-4 |
Totally disabled veteran |
300.00 |
§ 44-3-5 |
Gold Star parent |
225.00 |
§ 44-3-12 |
Visually impaired person |
300.00 |
§ 44-3-35 |
Totally disabled person |
325.00 |
Chapter 22 of the Public Laws of 1973 |
Senior citizen |
325.00 |
(b) Eligibility. The basis for determining eligibility for the dollar tax credit shall be as set forth in G.L. 1956, §§ 44-3-4, 44-3-5, 44-3-12, 44-3-15, 44-3-35 and chapter 22 of the Public Laws of 1973.
(Ord. of 6-23-2004, art. 1; Ord. of 4-23-2008(1))
Note: Section 25-82 lists tax credits for Seniors and Disabled based on household income.
Sec. 25-82. Tax credits based on household income.
(a) In lieu of the tax credit allowed in section 25-81 the town council hereby establishes a dollar tax credit for persons who meet the criteria set forth in G.L. 1956, §§ 44-3-15 and 44-3-35 and chapter 22 of the Public Laws of 1973 based on the following gross household income:
TABLE INSET:
Gross Household Income |
Tax Credit |
$ 0.00 -- $12,500.00 |
$1,200.00 |
12,501.00 -- 14,999.00 |
1,150.00 |
15,000.00 -- 17,499.00 |
900.00 |
17,500.00 -- 19,999.00 |
800.00 |
20,000.00 -- 22,499.00 |
700.00 |
22,500.00 -- 24,999.00 |
600.00 |
25,000.00 -- 27,499.00 |
500.00 |
27,500.00 -- 29,999.00 |
400.00 |
30,000.00 and higher |
325.00 |
Note: Gross household income in excess of $30,000.00 shall be entitled to the tax credit based on the tax credit schedule established in section 25-81.
(b) The tax assessor, subject to approval by the town council, shall establish the criteria for determining gross household income for eligibility to receive a tax credit based on income.
(Ord. of 6-23-2004, art. 2; Ord. of 4-23-2008(1))
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