§ 44-30.3-1 - Residential lead abatement tax relief – Limitation.
SECTION 44-30.3-1
§ 44-30.3-1 Residential lead abatement taxrelief – Limitation. – (a) Appropriations from the general fund for property tax relief provided bythis chapter are in the amount of two hundred and fifty thousand dollars($250,000) for the year commencing on July 1, 2004, and for each subsequentfiscal year.
(b) A claimant shall be entitled to tax relief forresidential lead removal or lead hazard reduction when he or she: (1) obtains ahousing resources commission regulated certificate of conformance formitigation, pursuant to chapter 24.6 of title 23; or (2) obtains a departmentof health regulated lead safe certificate for abatement, pursuant to chapter24.6 of title 23. The lead paint tax relief shall only apply to residentialpremises. Residential premises shall include single-family homes, individualcondominiums, and individual units in either apartment buildings ormulti-family homes.
(c) The tax relief shall be equal to the amount actually paidfor the required lead abatement or lead hazard mitigation up to a maximum ofone thousand five hundred dollars ($1,500) per dwelling unit for mitigation andup to five thousand dollars ($5,000) per dwelling unit for abatement, asspecified under subsection (b) above. In the event that: (1) multiple owners ofthe dwelling unit; or (2) owner(s) along with the renter(s)/lessee(s) of thedwelling unit have jointly incurred costs and paid for the lead abatement/leadhazard mitigation, each individual must apply for relief as a separateclaimant, and must include all required proof of payment and certifications,based on their respective contributions to the cost of lead abatement/leadhazard mitigation.