AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION

HB 8025 would allow the town of Tiverton to create a property tax credit for residents aged 65 or older through a local ordinance. The bill enables Tiverton's town council to establish this credit by passing its own ordinance, directly affecting seniors living in Tiverton. It does not set a specific credit amount or apply statewide - it only authorizes local action. This is a procedural bill focused on enabling municipal tax policy, not a direct tax change.