S2498

	2014 -- S 2498
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	LC004843
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	STATE OF RHODE ISLAND
	IN GENERAL ASSEMBLY
	JANUARY SESSION, A.D. 2014
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	A N A C T
	RELATING TO TAXATION - LOCAL TAXES

	Introduced By: Senators Lynch, and McCaffrey
	Date Introduced: February 27, 2014
	Referred To: Senate Finance
	It is enacted by the General Assembly as follows:
1	SECTION 1. Section 44-5-12.1 of the General Laws in Chapter 44-5 entitled "Levy and
2	Assessment of Local Taxes" is hereby amended to read as follows:
3	44-5-12.1. Assessment of tangible personal property. -- (a) All tangible personal
4	property subject to taxation shall be assessed for taxation based on the original purchase price
5	(new or used) including all costs such as freight and installation. Assets will be classified and
6	depreciated as defined in this section. (b) The following classification and depreciation table
7	shall be used in determining the assessed value of tangible personal property.
8	State of Rhode Island Property Tangible Property Classification
9	Class I Class II Class III
10	Class of Assets Short Life Mid-Life Long Life
11	Age 1-5 yrs 6-12 13+ yrs
12	1 95 95 95
13	2 80 90 90
14	3 60 80 85
15	4 30 70 80
16	5 20 60 75
17	6 20 50 70
18	7 20 40 65
19	8 20 30 60

1	9 20 30 55
2	10 20 30 50
3	11 20 30 45
4	12 20 30 40
5	13 20 30 35
6	14 20 30 30
7	15+ 20 30 30
8	Assets Shall Not be Trended
9	(c) Assets shall be classified on an annual basis by the Rhode Island Association of
10	Assessing Officers' Personal Property Committee based on the following table:
11	INDUSTRY GROUP IN YEARS CLASS
12	Aerospace industry II
13	Agriculture machinery and equipment II
14	cotton ginning II
15	Aircraft and all helicopters II
16	Amusement and theme parks II
17	Apparel and fabricated textile manufacturing II
18	Automobile repair shops II
19	Bakeries and confectionery production II
20	Barber and beauty shops II
21	Billboards II III
22	Brewery equipment (if not used directly in manufacturing) II
23	Cable television, headend facilities II
24	microwave systems II
25	program origination II
26	service and test II
27	subscriber connection and distribution II
28	Cable television: All equipment including set top boxes,
29	remotes, and other related equipment II
30	Aerial, underground, and drops (Including MDUS) III
31	Canneries and frozen food production II
32	Cement manufacture processing III
33	Chemical and allied production II
34	Clay products manufacturing III
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1	Clocks and watches, manufacturing II
2	electronic instrumentation I
3	Cold storage and ice-making equipment III
4	Cold storage warehouse equipment II
5	Computers, personal computers (PC), laptops, tablets, cell phones,
6	mainframe/servers, peripherals, keyboard, mouse, etc. I
7	Mainframe I/II
8	peripherals I
9	Condiments, manufacturing and processing II
10	Construction equipment, general construction II
11	Backhoes, forklifts, loaders, cranes, unregistered vehicles etc. II
12	Dairy products manufacturing processing II
13	Data handling equipment, except computers II
14	Ex. Printers, copiers, bridges, routers, and gateways II
15	Distilling II
16	Electrical equipment not used in manufacturing II
17	Electronic companies, steam production III
18	other production, combined cycle III
19	gas turbines III
20	nuclear production III
21	transmission III
22	distribution III
23	Electronic equipment manufacturing I
24	Fabricated metal products special tools II
25	special tools I
26	Fishing equipment, excluding boats, and barges lines and nets, etc I
27	Food and beverage production II
28	special handling devices I
29	Fur processing II
30	Gas distribution, total distribution equipment III
31	Optional - for equipment by category:
32	mains and services, plastic III
33	mains and services, steel III
34	meters, regulators, installations III
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1	other distribution equipment III
2	Glass and glass products, special tools II
3	special tools I
4	Grain and grain mill products manufacture processing III
5	Gypsum products III
6	Hand tools I II
7	Hospital furnishings and equipment II
8	Hotel and motel furnishings and equipment II
9	Jewelry products and pens II
10	Knitwear and knit products, ex. work uniforms I
11	Laundry equipment II
12	Leather and leather products II
13	Logging, timber cutting I/II
14	Machinery manufacturing, except, as otherwise listed II
15	Marine construction II
16	Meatpacking II
17	Medical and dental supply production II
18	Metalworking machinery manufacturing II
19	Mining and quarrying II
20	Motion picture and television production II
21	Motor vehicle and parts manufacturing special tools II
22	special tools I
23	Office furniture and equipment II
24	Optical lenses and instrument manufacturing processing II
25	Paints and varnishes I
26	Paper and pulp manufacturing II
27	converted paper, paperboard and pump II
28	Petroleum and natural gas, drilling, onshore II
29	drilling, offshore II
30	exploration and production II
31	petroleum refining III
32	pipeline transportation III
33	Plastics manufacturing I/II
34	Plastic products manufacturing processing/special tools II
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1	special tools I
2	Primary metals production, nonferrous and foundry products III
3	special tools I
4	Primary steel mill products III
5	Printing and publishing II
6	Professional and scientific instruments II
7	Radio and television, broadcasting I/II
8	Railroad transportation equipment manufacturing II
9	locomotive manufacturing II
10	Recreation and amusement II
11	Retail trades, fixtures and equipment II
12	Residential furniture II
13	Restaurant and bar equipment II
14	Restaurant equipment, fast foods II
15	Rubber products manufacturing processing/special tools II
16	special tools I
17	Sawmills, permanent, portable II
18	portable I
19	Service establishments II
20	Ship and boat building machinery and equipment/special tools II
21	special tools I
22	Soft drink manufacture and bottling II
23	Steam production and distribution III
24	Stone products manufacturing processing III
25	Sugar and sugar products manufacturing III
26	Telecommunications, local exchange and Interstate II
27	Analog/digital switching I/II
28	digital switching I/II
29	circuit, digital analog optic I/II
30	circuit, analog II
31	circuit, optic I/II
32	other central office equipment I/II
33	information/origination equipment I/II
34	smart phones I
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1	metallic cable II
2	fiber cable poles, conduit III
3	poles III
4	conduit III
5	Telecommunications, interstate interexchange
6	analog switching I/II
7	digital switching I/II
8	metallic cable II
9	fiber cable III
10	poles III
11	conduit III
12	all other equipment I/II
13	Telecommunications, cellular
14	analog/digital switching I/II
15	digital switching I/II
16	radio frequency channel and control I/II
17	power equipment II
18	antennae II
19	towers III
20	transmission equipment I/II
21	cellular phones I
22	Textile products, including finishing and dyeing II
23	manufacture of nonwoven fabrics II
24	manufacture of yarn, thread and woven fabrics II
25	manufacture of textured yarns II
26	Theater equipment II
27	Tobacco and tobacco products III
28	Vegetable oil products III
29	Utilities/Power production III
30	Generation, transmission, or distribution equipment III
31	Waste reduction and resource recovery II
32	Water transportation III
33	vessels, barges and tugs III
34	Water utilities III
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1	Wharves, docks and piers III
2	Wholesale trade fixtures and equipment II
3	Wood products and furniture manufacturing II
4	Any industry group or asset not listed above, will be classified as Class II.
5	SECTION 2. This act shall take effect upon passage.
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	LC004843
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	EXPLANATION
	BY THE LEGISLATIVE COUNCIL
	OF
	A N A C T
	RELATING TO TAXATION - LOCAL TAXES
	***
1	This act would make changes in the classification of taxable property for local taxation
2	purposes.
3	This act would take effect upon passage.
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	LC004843
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