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RI S2453
Bill
AI Summary
- Expands Rhode Island's existing property tax interest waiver program to include commercial properties, which previously applied only to residential properties
- Cities and towns may authorize by ordinance a waiver of interest on one quarter's overdue property tax payment, capped at $500
- Taxpayers must have owned and occupied the property for 5 years, made timely tax payments for the preceding 5 years, and submit a written request within 2 years of the overdue bill
- Tax collector decisions must be in writing with notice to the city/town council; adverse decisions may be appealed within 10 days
- Takes effect upon passage
Legislative Description
Allows the waiver of interest on overdue taxes for commercial properties.
Taxation
Last Action
Introduced, referred to Senate Finance
2/6/2026
Committee Referrals
Finance2/6/2026
Full Bill Text
No bill text available