Rhode Island S2040 allows the town of Bristol to apply owner-occupied tax rates to mixed-use properties with owner-occupied residential portions.
Rhode Island S2040 amends the General Laws to allow the town of Bristol to apply the owner-occupied tax rate for mixed-use properties where the residential portion is owner-occupied. This change enables the town to set different tax rates for owner-occupied residential properties within mixed-use developments. The bill takes effect upon passage and does not specify a particular effective date beyond that.
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