R.I. Gen. Laws § 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:
Total Household
Age
Age
Age
Age
65 to 70
71 to 75
76 to 80
81 and Over
$25,000 and above
$600
$600
$600
$600
$20,000 to $24,999
$700
$800
$900
$1,000
$17,500 to $19,999
$800
$900
$1,000
$1,100
$15,000 to $17,999
$900
$1,000
$1,100
$1,200
$14,999 and below
$1,000
$1,100
$1,200
$1,300
(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.