§ 44-5-2.1 - Jamestown – Maximum levy. - Rhode Island Statutes

SECTION 44-5-2.1

   § 44-5-2.1  Jamestown – Maximum levy.– (a) Notwithstanding any other provisions of this chapter, in connection withthe change of Jamestown's fiscal year from March 1 to June 30, the town maylevy a tax for its extended fiscal year in excess of five and one-half percent(5.5%) in excess of the amount levied and certified by the town for the prioryear, and such tax may cover a period of sixteen (16) months.

   (b) "Extended fiscal year" means the period March 1, 2004 toJune 30, 2005.

   (c) Notwithstanding the requirements of § 44-5-7(a),persons assessed pursuant to the provisions of this section have the option topay their taxes in quarterly installments, for the extended fiscal year;provided, that the town is authorized to permit taxes to be paid in five (5)equal installments.