Budget & Taxes

SB 3262 updates the state law for Glocester, Rhode Island, to allow the town council to offer property tax credits to elderly and disabled residents. The bill authorizes a base credit of up to $2,070 for owners aged 65 or older or those under 65 who are permanently disabled, with higher additional credits for those over 80. These financial benefits are adjusted annually using a specific non-compounding method based on the consumer price index and apply regardless of the owner's income level. The legislation also clarifies that only one exemption is granted per property, even if multiple owners are eligible, and ensures these credits work alongside other existing tax exemptions.

SB 2036 exempts the real and tangible personal property of Blithewold, Inc. (located at 101 Ferry Road, Bristol, Rhode Island) from property taxation. This bill amends Rhode Island's tax code to add Blithewold, Inc. to the list of entities eligible for property tax exemptions under Section 44-3-3. The exemption applies specifically to the organization's property at that Bristol address, directly affecting Blithewold, Inc.'s tax obligations. The change is a targeted exemption for a single organization, not a broad policy shift.

Prohibits participation in federal school voucher tax credit for contributions to scholarship-granting organizations unless both the general assembly and the governor approve such participation.

Prohibits participation in federal school voucher tax credit for contributions to scholarship-granting organizations unless both the general assembly and the governor approve such participation.

Bars the council from granting approval to create or expand a charter school beginning operations in 26-27 school year and bars the state from approving or appropriating funds to a new charter school not approved before July 1, 2025.