Rhode Island 2022 Regular Session

Rhode Island House Bill H8220

Introduced
5/6/22  
Refer
5/6/22  
Report Pass
6/15/22  
Engrossed
6/17/22  
Refer
6/21/22  
Report Pass
6/23/22  
Engrossed
6/23/22  

Caption

Levy And Assessment Of Local Taxes

Impact

The legislation stands to significantly affect local taxation practices across the state. By defining the parameters under which agricultural land can be converted for renewable energy production without loss of tax benefits, the bill encourages landowners to invest in renewable energy. Additionally, it aims to prevent higher taxation on properties with renewable energy resources by establishing that these resources will only be taxed as tangible property, thereby supporting the state's environmental goals while maintaining agricultural viability.

Summary

House Bill 8220, introduced in 2022, primarily addresses the taxation and assessment of local taxes in relation to renewable energy systems and agricultural land use in Rhode Island. The bill seeks to establish guidelines for the classification of lands used for agricultural purposes that are also used for renewable energy systems. Specifically, it allows farmland to retain its classification as long as the conversion to renewable energy facilities does not exceed twenty percent of the total acreage, promoting dual use of land for both energy production and agriculture.

Sentiment

The sentiment surrounding HB 8220 reflects a generally positive stance among stakeholders advocating for renewable energy, as it fosters a more flexible and supportive environment for integrating renewable resources. However, there are concerns expressed by some local governments and agricultural advocates who worry about the potential for reducing local control over land use and tax assessments. These divisions highlight the balancing act between promoting renewable energy investments and preserving local agricultural interests.

Contention

Notable points of contention have emerged around the implementation of regulations surrounding the bill. Opponents argue that while the dual-use aspect promotes sustainability, it may encourage landowners to prioritize renewable energy over traditional agricultural activities, leading to long-term changes in local land use dynamics. Furthermore, the limitation on the amount of acreage that can be converted without triggering tax penalties has led to debates about what constitutes fair assessment and development in the context of rising renewable energy demands.

Companion Bills

No companion bills found.

Previously Filed As

RI H6676

Levy And Assessment Of Local Taxes

RI S3027

Levy And Assessment Of Local Taxes

RI H5950

Levy And Assessment Of Local Taxes

RI S0708

Levy And Assessment Of Local Taxes

RI S2342

Levy And Assessment Of Local Taxes

RI H7093

Levy And Assessment Of Local Taxes

RI S2879

Levy And Assessment Of Local Taxes

RI H7992

Levy And Assessment Of Local Taxes

RI S0309

Levy And Assessment Of Local Taxes

RI H5712

Levy And Assessment Of Local Taxes

Similar Bills

RI S3027

Levy And Assessment Of Local Taxes

RI H6676

Levy And Assessment Of Local Taxes

RI S0439

Establishes that a renewable energy resource shall pay $5.00 per kilowatt of alternating current nameplate capacity for tangible property and $3.50 per kilowatt of alternating nameplate capacity for real property.

RI H5967

Establishes that a renewable energy resource shall pay $5.00 per kilowatt of alternating current nameplate capacity for tangible property and $3.50 per kilowatt of alternating nameplate capacity for real property.

RI S0431

Exempts certain urban and small farmers from sales taxes, real, tangible and personal property taxes and income taxes. Also defines urban and small farmers and urban farmland.

RI H5534

Exempts certain urban and small farmers from sales taxes, real, tangible and personal property taxes and income taxes. This act would also define urban and small farmers and urban farmland.

RI S2335

Exempts urban and small farmers from sales taxes, real, tangible and personal property taxes and income taxes. It also defines urban and small farmers and urban farmland.

RI H7684

Exempts urban and small farmers from sales taxes, real, tangible and personal property taxes and income taxes. It also defines urban and small farmers and urban farmland.