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
$950.00
$275.00
$350.00
$275.00
$350.00
$375.00
$375.00
(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
$1,250.00
$1,200.00
$950.00
$850.00
$750.00
$650.00
$550.00
$450.00
$375.00
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))