§ 44-3-15.5. Lincoln — Tax credit for persons over the age of 65 years.
Notwithstanding any provisions of this chapter or any provision of the general or public laws to the contrary, the town council of the town of Lincoln may, by ordinance, provide that any real property owned and occupied for a period of five (5) years or more by any person over the age of sixty-five (65) shall be eligible for a credit against their owner occupied residential property in an amount calculated in conformity with the following guidelines.
(1) Measurement of Income. The income to be used shall be as has or would be reported on State Form RI-1040H (RI Property Tax Relief Claim) as “Total 20XX Household Income.”
(2) Calculation of Credit. The annual credit to be applied shall be as determined by the following income thresholds and credit amounts:
(b) In order to qualify for this credit, the applicant shall be a town resident who shall own and reside on the real estate where the credit is to be applied as of the time of the application for the credit and also for a period of not less than five (5) calendar years immediately preceding the application.
(c) In order to qualify for the credit established by this section, a person must be sixty- five (65) years of age on or before December 31 of the year preceding the year in which the tax is due and payable.
(d) The credit provided by this section shall be applied to the tax roll by the tax assessor of the town of Lincoln, and the tax assessor shall require that each person seeking such credit shall apply on or before April 15 of each year, except for the year of enactment, that date to be determined by the tax assessor. Such application shall be in a form prescribed by the tax assessor.
(e) This credit shall be in addition to any and all other exemptions from taxation to which such person may be otherwise entitled; provided, however, that only one credit shall be permitted for each parcel of property whether or not there be one or more owners eligible for such credit.
(f) When property is held in trust, the settler, beneficiary, and trust are not eligible for the additional credit provided by this section. A trustee-occupier of the residence would be eligible if all other requirements are met.
History of Section.P.L. 2010, ch. 273, § 1; P.L. 2010, ch. 285, § 1.
Structure Rhode Island General Laws
Chapter 44-3 - Property Subject to Taxation
Section 44-3-1. - Real and personal property subject to taxation.
Section 44-3-2. - “Personal property” defined.
Section 44-3-2.1. - Tax on intangible personal property prohibited.
Section 44-3-2.2. - Tax on certain vehicles and trailers prohibited.
Section 44-3-3. - Property exempt.
Section 44-3-3.1. - Exemption of office equipment used for manufacturing or commercial purposes.
Section 44-3-4. - Veterans’ exemptions.
Section 44-3-4.2. - Conflicts eligible for veterans’ property tax relief.
Section 44-3-5. - Gold star parents’ exemption.
Section 44-3-5.1. - Exemptions in South Kingstown.
Section 44-3-5.2. - Exemptions in Barrington.
Section 44-3-6. - General exemptions inapplicable to property used for manufacturing.
Section 44-3-8. - Exemption of land planted to forestry.
Section 44-3-9.2.1. - North Smithfield — Exemption or partial abatement of taxes for Rankin Estates.
Section 44-3-10. - Idle manufacturing or mill property — Exemption.
Section 44-3-11. - South Kingstown and Narragansett — Exemption of railroad property.
Section 44-3-12. - Visually impaired persons — Exemption.
Section 44-3-13. - Persons over the age of 65 years — Exemption.
Section 44-3-13.1. - West Warwick — Exemption of persons over the age of 65 years.
Section 44-3-13.2. - Cumberland — Exemption of persons over the age of 65 years.
Section 44-3-13.3. - North Kingstown — Exemption of property of totally disabled persons.
Section 44-3-13.4. - Low or moderate income housing — Exemption.
Section 44-3-13.5. - Glocester — Exemption of elderly and disabled persons.
Section 44-3-13.6. - Jamestown — Exemption of persons 65 years and over.
Section 44-3-13.7. - Exeter — Exemption of real property from taxation for totally disabled persons.
Section 44-3-13.8. - Repealed.
Section 44-3-13.9. - North Kingstown — Exemption of elderly persons.
Section 44-3-13.13. - Jamestown — Exemption of property of totally disabled persons.
Section 44-3-13.14. - Foster — Exemption of elderly and disabled persons.
Section 44-3-14. - Notice to tax assessor on conveyance of tax-exempt realty.
Section 44-3-14.1. - Tiverton — Taxation of exempt property upon transfer.
Section 44-3-15. - Persons who are totally disabled.
Section 44-3-15.1. - Hopkinton — Freezing of tax rates for persons who are totally disabled.
Section 44-3-15.2. - Bristol — Persons who are totally disabled.
Section 44-3-15.3. - Smithfield — Tax credit for persons who are totally disabled.
Section 44-3-15.3.1. - Smithfield — Exemption of Special Olympics Rhode Island, Inc.
Section 44-3-15.4. - Lincoln — Tax credit for persons who are totally disabled.
Section 44-3-15.5. - Lincoln — Tax credit for persons over the age of 65 years.
Section 44-3-15.6. - Bristol volunteer firefighters exemption.
Section 44-3-16. - Elderly — Freeze of tax rate and valuation.
Section 44-3-17. - Tax exempt property — Listing and valuation.
Section 44-3-19. - List of tax exemptions — Notification.
Section 44-3-20. - Middletown — Deferment of payment of tax for the elderly.
Section 44-3-20.2. - Bristol — Deferment of partial payment of tax for low-income residents.
Section 44-3-20.4. - Deferment of payment of tax for low income — Warren.
Section 44-3-21. - Renewable energy systems — Exemption.
Section 44-3-22. - Cranston — Real estate and excise tax exemption for persons who are disabled.
Section 44-3-23. - Narragansett — Tax exemptions in the town.
Section 44-3-24. - Reevaluation of real property — Adjustment of exemption upon.
Section 44-3-25. - Cumberland — Maximum exemptions.
Section 44-3-25.1. - Bristol — Maximum exemptions.
Section 44-3-27. - South Kingstown — Certain tax exemptions.
Section 44-3-27.1. - Bristol — Certain tax exemptions.
Section 44-3-28. - North Providence — Exemption for people with paraplegia.
Section 44-3-29. - Exemption and/or valuation freeze of wholesaler’s inventory.
Section 44-3-29.1. - Wholesale and retail inventory tax phase out.
Section 44-3-31. - Providence — Certain tax exemptions.
Section 44-3-31.1. - Providence Freeze of certain tax.
Section 44-3-31.2. - Providence — Special property tax consideration for designated properties.
Section 44-3-32. - Portsmouth — Tax exemption for the elderly.
Section 44-3-32.2. - Cities and towns — Tax exemption for farmland, forestland, or open space land.
Section 44-3-33. - Burrillville — Tax exemption for the Industrial Foundation of Burrillville.
Section 44-3-34. - Central Falls — Homeowner exemption.
Section 44-3-35. - Burrillville — Real estate tax exemption for persons who are disabled.
Section 44-3-36. - Portsmouth — Real estate tax exemption for persons who are disabled.
Section 44-3-37. - Burrillville — Exemption and/or valuation freeze of retailer’s inventory.
Section 44-3-38. - Transfer of property to trust. [As amended by P.L. 2012, ch. 376, § 2.]
Section 44-3-39. - Middletown — Exemption of persons over the age of 65.
Section 44-3-40. - Cities and towns — Authorization to exempt retailer’s inventory.
Section 44-3-41. - Glocester — Historic district exemption.
Section 44-3-42. - Cumberland — Fixed tax assessment for farmland.
Section 44-3-43. - Historic stone wall exemption.
Section 44-3-44. - Qualifying stock options — Exemption.
Section 44-3-45. - “Qualifying taxpayer” defined.
Section 44-3-46. - “Qualifying corporation” and “full-time equivalent active employee” defined.
Section 44-3-47. - Cranston — Economic development tax incentive program Exemptions.
Section 44-3-48. - Burrillville — Certain tax exemptions.
Section 44-3-49. - Burrillville — Fixed tax rate.
Section 44-3-50. - Pawtucket — Certain tax exemptions.
Section 44-3-51. - North Smithfield — Tax exemptions.
Section 44-3-52. - Cumberland — Exemption for persons interned in concentration camps.
Section 44-3-53. - Club Sport Uniao Madeirense in the city of Central Falls — Tax exemption.
Section 44-3-56. - Tax credit in lieu of tax exemption in the town of Burrillville.
Section 44-3-57. - Deferment of payment of tax for the elderly — Bristol.
Section 44-3-58. - Tax deferment of elderly persons in the town of Narragansett.
Section 44-3-59. - Tax exemption in the town of Burrillville — The Columbus Club of Burrillville.
Section 44-3-61. - [Renumbered.]
Section 44-3-62. - Lincoln — Tangible business property tax exemption for new investments.
Section 44-3-63. - Historical cemeteries.
Section 44-3-64. - Tax exemption in the City of Pawtucket — Sandra Feinstein — Gamm Theatre.
Section 44-3-65. - Narragansett and East Greenwich — Tangible business property tax exemption.
Section 44-3-66. - East Providence — Disabled veterans tax exemption classification.