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| 9 | 9 | | S TATE OF RHODE IS LAND |
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| 10 | 10 | | IN GENERAL ASSEMBLY |
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| 11 | 11 | | JANUARY SESSION, A.D. 2023 |
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| 12 | 12 | | ____________ |
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| 13 | 13 | | |
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| 14 | 14 | | A N A C T |
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| 15 | 15 | | RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES |
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| 16 | 16 | | Introduced By: Representatives Kazarian, Dawson, Henries, and Boylan |
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| 17 | 17 | | Date Introduced: February 15, 2023 |
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| 18 | 18 | | Referred To: House Municipal Government & Housing |
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| 19 | 19 | | |
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| 20 | 20 | | |
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| 21 | 21 | | It is enacted by the General Assembly as follows: |
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| 22 | 22 | | SECTION 1. Section 44-5-11.10 of the General Laws in Chapter 44-5 entitled "Levy and 1 |
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| 23 | 23 | | Assessment of Local Taxes" is hereby amended to read as follows: 2 |
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| 24 | 24 | | 44-5-11.10. Real estate tax classification — East Providence. 3 |
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| 25 | 25 | | Notwithstanding any provision within § 44-5-11.8 to the contrary: 4 |
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| 26 | 26 | | (a) Upon the completion of any comprehensive revaluation in accordance with § 44-5-11.6, 5 |
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| 27 | 27 | | the city of East Providence may adopt a tax classification plan by ordinance with the following 6 |
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| 28 | 28 | | limitations: 7 |
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| 29 | 29 | | (1) The designated classes of property shall be limited to the four (4) classes as defined in 8 |
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| 30 | 30 | | subsection (b). 9 |
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| 31 | 31 | | (2) The tax rate applicable to any class Class 2 shall not exceed by two hundred percent 10 |
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| 32 | 32 | | (200%) the rate applicable to any other class Class 1. 11 |
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| 33 | 33 | | (3) Any tax rate changes from one year to the next shall be applied such that the same 12 |
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| 34 | | - | percentage rate change is applicable to all classes Beginning with the assessment date of December 13 |
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| 35 | | - | 31, 2022, and except in any year in which a comprehensive or statistical revaluation is completed, 14 |
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| 36 | | - | any tax rate change from one year to the next shall be applied such that the same percentage change 15 |
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| 37 | | - | is applicable to all classes. 16 |
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| 38 | | - | (4) Notwithstanding subdivisions (a)(2) and (a)(3), the tax rates applicable to wholesale 17 |
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| 39 | | - | and retail inventory within Class 3 as defined in subsection (b) are governed by § 44-3-29.1. 18 |
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| 40 | | - | (5) Notwithstanding subdivisions (a)(2) and (a)(3), the tax rates applicable to motor 19 |
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| 34 | + | percentage rate change is applicable to all classes Except in any year in which a comprehensive or 13 |
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| 35 | + | statistical revaluation is completed, any tax rate change from one year to the next shall be applied 14 |
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| 36 | + | such that the same percentage change is applicable to all classes. 15 |
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| 37 | + | (4) Notwithstanding subdivisions (a)(2) and (a)(3), the tax rates applicable to wholesale 16 |
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| 38 | + | and retail inventory within Class 3 as defined in subsection (b) are governed by § 44-3-29.1. 17 |
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| 39 | + | (5) Notwithstanding subdivisions (a)(2) and (a)(3), the tax rates applicable to motor 18 |
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| 40 | + | vehicles within Class 4 as defined in subsection (b) are governed by § 44-34.1-1. 19 |
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| 43 | | - | LC001491/SUB A - Page 2 of 3 |
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| 44 | | - | vehicles within Class 4 as defined in subsection (b) are governed by § 44-34.1-1. 1 |
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| 45 | | - | (6) The provisions of chapter 35 of this title relating to property tax and fiscal disclosure 2 |
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| 46 | | - | applies to the reporting of and compliance with these classification restrictions. 3 |
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| 47 | | - | (b) Classes of Property. 4 |
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| 48 | | - | (1) Class 1: Residential real estate consisting of no more than three (3) dwelling units, land 5 |
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| 49 | | - | classified as open space, and dwellings on leased land including mobile homes. A homestead 6 |
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| 50 | | - | exemption provision is also authorized within this class; provided, however, that the actual effective 7 |
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| 51 | | - | rate applicable to property qualifying for this exemption shall be construed as the standard rate for 8 |
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| 52 | | - | this class against which the maximum rate applicable to another class shall be determined. 9 |
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| 53 | | - | (2) Class 2: Commercial and industrial real estate, residential properties containing partial 10 |
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| 54 | | - | commercial or business uses and residential real estate of more than three (3) dwelling units. 11 |
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| 55 | | - | (3) Class 3: All ratable tangible personal property; excluding wholesale and retail 12 |
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| 56 | | - | inventory, which shall be taxed in accordance with § 44-3-29.1. 13 |
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| 57 | | - | (4) Class 4: Motor vehicles and trailers subject to the excise tax created by chapter 34 of 14 |
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| 58 | | - | this title. 15 |
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| 59 | | - | SECTION 2. This act shall take effect upon passage. 16 |
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| 43 | + | LC001491 - Page 2 of 3 |
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| 44 | + | (6) The provisions of chapter 35 of this title relating to property tax and fiscal disclosure 1 |
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| 45 | + | applies to the reporting of and compliance with these classification restrictions. 2 |
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| 46 | + | (b) Classes of Property. 3 |
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| 47 | + | (1) Class 1: Residential real estate consisting of no more than three (3) dwelling units, land 4 |
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| 48 | + | classified as open space, and dwellings on leased land including mobile homes. A homestead 5 |
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| 49 | + | exemption provision is also authorized within this class; provided, however, that the actual effective 6 |
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| 50 | + | rate applicable to property qualifying for this exemption shall be construed as the standard rate for 7 |
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| 51 | + | this class against which the maximum rate applicable to another class shall be determined. 8 |
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| 52 | + | (2) Class 2: Commercial and industrial real estate, residential properties containing partial 9 |
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| 53 | + | commercial or business uses and residential real estate of more than three (3) dwelling units. 10 |
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| 54 | + | (3) Class 3: All ratable tangible personal property; excluding wholesale and retail 11 |
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| 55 | + | inventory, which shall be taxed in accordance with § 44-3-29.1. 12 |
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| 56 | + | (4) Class 4: Motor vehicles and trailers subject to the excise tax created by chapter 34 of 13 |
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| 57 | + | this title. 14 |
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| 58 | + | SECTION 2. This act shall take effect upon passage. 15 |
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