Allows the city of Providence to adopt higher rates for the marginal value of residential property in excess of $1,000,000 per dwelling. Taxpayers below a certain income level may be exempt and additional revenue would be exempt.

TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES - Allows the city of Providence to adopt higher rates for the marginal value of residential property in excess of $1,000,000 per dwelling. Taxpayers below a certain income level may be exempt and additional revenue would be exempt.