§ 44-13.1-2 - Assessment of amounts of tax and payments to cities and towns and fire districts.
SECTION 44-13.1-2
§ 44-13.1-2 Assessment of amounts of taxand payments to cities and towns and fire districts. – (a) Cities and towns and fire districts shall assess the property described in§ 44-13.1-1(b) [repealed] and shall apply a tax rate to theassessed value in a manner consistent with property subject to taxation underthe provisions of §§ 44-5-1 – 44-5-22.
(b) The amount of the tax on the property computed shall besubmitted on or before October 1, 1985, and each year thereafter to the statebudget offices.
(c) The state budget offices shall include the amount of thetax in the state budget for the next fiscal year, and the General Assemblyshall annually appropriate to the several cities and towns and fire districtsany sum that may be necessary to carry out the purposes of this section.
(d) Distribution of the appropriations and receipts asreferenced in § 44-13.1-3 shall be made by the state on or before July 31of 1986 and each year thereafter and the payments may be counted as areceivable by any city or town or fire district for a fiscal year ending thepreceding June 30.
(e) The state of Rhode Island acting through the departmentof revenue shall have the right in accordance with § 44-5-26 to seekrelief from any assessment.