Tax Credits: General Categories (includes Seniors, Disabled, Veterans, etc.)

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: 

G.L. 1956
§ 44-3-4
§ 44-3-4 
§ 44-3-4
§ 44-3-5
§ 44-3-12
§ 44-3-35
Chapter 22 of the
Public Laws of 1973  
 

Exemption Title
P.O.W. veteran 
Veteran
Totally disabled veteran
Gold Star parent
Visually impaired person
Totally disabled person
Senior citizen

Tax Credit 
$900.00  
$225.00  
$300.00  
$225.00  
$300.00 
$325.00 
$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:

Gross Household Income
$    0.00 -- $12,500.00
12,501.00 --  14,999.00
15,000.00 --  17,499.00
17,500.00 --  19,999.00
20,000.00 --  22,499.00
22,500.00 --  24,999.00
25,000.00 --  27,499.00
27,500.00 --  29,999.00
30,000.00 and higher

Tax Credit  
$1,200.00
$1,150.00
$900.00
$800.00
$700.00
$600.00
$500.00
$400.00
$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))