2009 Rhode Island Code
Title 44 - Taxation
CHAPTER 44-27 - Taxation of Farm, Forest, and Open Space Land
§ 44-27-10 - Reclassification of land withdrawn from classification – Effect on obligations and the land use change tax.
SECTION 44-27-10
§ 44-27-10 Reclassification of land withdrawn from classification – Effect on obligations and the land use change tax. – Land, previously classified as farm, forest, or open space land, which was withdrawn from that classification may be reclassified as that classification if it still meets the requirements of this chapter. This reclassification of the land commences anew the computation of the period for purposes of the land use change tax. Any unpaid lien obligated by the previous withdrawal is voided. At no time shall an obligation incurred under the provisions of this chapter exceed ten percent (10%) of the then fair market value of the land.
Disclaimer: These codes may not be the most recent version. Rhode Island may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
