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| 4 | 4 | | |
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| 5 | 5 | | 2023 -- H 6356 |
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| 6 | 6 | | ======== |
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| 7 | 7 | | LC002936 |
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| 8 | 8 | | ======== |
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| 9 | 9 | | S T A T E O F R H O D E I S L A N D |
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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-NEWPORT |
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| 16 | 16 | | Introduced By: Representatives Carson, and Abney |
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| 17 | 17 | | Date Introduced: May 03, 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 44-5-76.2 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 | | 44-5-76.2. Newport — Property tax classification. 3 |
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| 25 | 25 | | (a) The assessor of the city of Newport, on or before June 1 of each year, shall make a full 4 |
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| 26 | 26 | | and fair cash valuation of all the estate, real and personal, including motor vehicles and trailers, 5 |
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| 27 | 27 | | subject to taxation and determine the assessed valuation of each property class. 6 |
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| 28 | 28 | | (b) The designated classes of property shall be limited to the four (4) classes as defined in 7 |
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| 29 | 29 | | § 44-5-76.1. 8 |
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| 30 | 30 | | (c) The effective tax rate applicable to any class shall not exceed by fifty percent (50%) the 9 |
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| 31 | 31 | | rate applicable to any other class. 10 |
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| 32 | 32 | | (d) Any tax rate changes from one year to the next shall be applied so that the same 11 |
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| 33 | 33 | | percentage rate change is applicable to all classes. Notwithstanding the aforesaid sentence, in the 12 |
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| 34 | 34 | | first year following comprehensive revaluation or any update in accordance with § 44-5-11.6, the 13 |
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| 35 | 35 | | city is authorized to set the effective tax rate applicable to any class in an amount not to exceed by 14 |
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| 36 | 36 | | fifty percent (50%) the rate applicable to any other class. 15 |
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| 37 | 37 | | Except as provided for in § 44-5-76.1 (b), the rate for each class shall be uniform within 16 |
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| 38 | 38 | | each class. 17 |
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| 39 | 39 | | (e) The tax rates applicable to motor vehicles within class four as defined in § 44-5-76.1 18 |
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| 40 | 40 | | are governed by § 44-34.1-1. 19 |
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| 41 | 41 | | |
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| 42 | 42 | | |
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| 43 | 43 | | LC002936 - Page 2 of 3 |
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| 44 | 44 | | (f) The provisions of chapter 35 of this title relating to property tax and fiscal disclosure 1 |
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| 45 | 45 | | apply to the reporting of and compliance with these classification restrictions. 2 |
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| 46 | 46 | | SECTION 2. This act shall take effect upon passage. 3 |
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| 48 | 48 | | LC002936 |
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| 51 | 51 | | |
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| 52 | 52 | | LC002936 - Page 3 of 3 |
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| 53 | 53 | | EXPLANATION |
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| 54 | 54 | | BY THE LEGISLATIVE COUNCIL |
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| 55 | 55 | | OF |
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| 56 | 56 | | A N A C T |
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| 57 | 57 | | RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES-NEWPORT |
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| 58 | 58 | | *** |
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| 59 | 59 | | This act would provide that the property tax rate for each classification in Newport be 1 |
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| 60 | 60 | | uniform, except for non-owner occupied and owner-occupied properties. 2 |
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| 61 | 61 | | This act would take effect upon passage. 3 |
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| 63 | 63 | | LC002936 |
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