Bill > S0098

This bill provides specific tax credits or assessment dollar reductions for veterans, gold star parents, visually impaired persons, and elderly residents in the town of North Kingstown, Rhode Island. Specifically, the bill modifies existing tax exemption laws to allow North Kingstown to offer a $200 tax credit or equivalent assessment dollar reduction for veterans and gold star parents, a tax dollar credit or equivalent assessment dollar reduction for legally blind residents, and a $450 tax credit or equivalent assessment dollar reduction for owner-occupied real property for persons over 65 years old. The bill also allows the town council flexibility to review and potentially adjust the exemption amount and residency requirements in the future. The changes will take effect on July 1, 2025, and are designed to provide targeted financial relief to specific groups of residents in the town of North Kingstown.

Budget and Finance

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