State Codes and Statutes
Statutes > Rhode-island > Title-44 > Chapter-44-3 > 44-3-56SECTION 44-3-56
§ 44-3-56 Tax credit in lieu of taxexemption in the town of Burrillville. – (a) The town council of the town of Burrillville may, by ordinance, grant adollar tax credit of a specific dollar amount in lieu of the tax exemptionsallowed pursuant to the provisions of §§ 44-3-4, 44-3-5, 44-3-12,44-3-15 and 44-3-35 and chapter 22 of the public laws of 1973. The basis fordetermining eligibility for the dollar tax credit shall be as set forth in§§ 44-3-4, 44-3-5, 44- 3-12, 44-3-15 and 44-3-35 and chapter 22 ofthe public laws of 1973. The dollar tax credit shall be a direct deduction fromthe tax bill.
(b) In lieu of the dollar tax credit allowed in subsection(a), the town council of the town of Burrillville may, by ordinance, establisha dollar tax credit for persons who meet the criteria set forth in §§44-3-15 and 44-3-35 and chapter 22 of the public laws of 1973 based onhousehold gross income. The dollar tax credit may vary based on the householdgross income.
(c) The total amount of all flat rate tax credits shall notexceed three percent (3%) of the prior year's tax levy.
