Rhode Island S3262 amends property tax exemptions for elderly and disabled residents in Glocester.

Rhode Island S3262 modifies the property tax exemption statute for elderly and disabled residents in Glocester. It allows the town council to issue tax credits for real property owned and occupied by individuals over 65 or under 65 who are permanently disabled. The bill establishes eligibility requirements, including proof of age, ownership, occupancy, and disability. It also introduces a base exemption of up to $2,070, a variable income exemption, and additional credits for those 80 and older. The exemptions are prorated among property owners and are in addition to other tax exemptions.

Rhode Island S3262 amends property tax exemptions for elderly and disabled residents in Glocester.

Rhode Island S3262 modifies the property tax exemption statute for elderly and disabled residents in Glocester. It allows the town council to issue tax credits for real property owned and occupied by individuals over 65 or under 65 who are permanently disabled. The bill establishes eligibility requirements, including proof of age, ownership, occupancy, and disability. It also introduces a base exemption of up to $2,070, a variable income exemption, and additional credits for those 80 and older. The exemptions are prorated among property owners and are in addition to other tax exemptions.