2015 -- H 5723

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LC001468

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2015

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A N   A C T

RELATING TO TAXATION - EXCISE ON MOTOR VEHICLES AND TRAILERS

     Introduced By: Representatives MacBeth, Fellela, Slater, McLaughlin, and Azzinaro

     Date Introduced: February 26, 2015

     Referred To: House Finance

     It is enacted by the General Assembly as follows:

     SECTION 1. Section 44-34-5 of the General Laws in Chapter 44-34 entitled "Excise on

Motor Vehicles and Trailers" is hereby amended to read as follows:

     44-34-5. Veterans' and other property tax exemptions. -- (a) Those veterans, gold star

parents, and blind persons who qualify for property tax exemption under §§ 30-22-1 -- 30-22-4

and §§ 44-3-4, 44-3-5, and 44-3-12 shall have the exemption applied to their real estate and

tangible personal property, other than registered vehicles or trailers, in the communities where

they reside as prescribed in those sections. However, if there is not sufficient property to exhaust

the exemption, the balance of the exemption shall be applied to the excise tax on his or her motor

vehicle or trailer.; provided, a veteran, gold star parent, or blind person who qualifies for a

property tax exemption as set forth in this section, may also apply this exemption to leased

vehicles if the lessee is responsible for the payment of taxes on said leased vehicle.

      (b) The amount of exemption shall not exceed the amount of excise levied on those

vehicles owned by the person.

     SECTION 2. This act shall take effect upon passage.

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LC001468

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N   A C T

RELATING TO TAXATION - EXCISE ON MOTOR VEHICLES AND TRAILERS

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     This act would extend property tax exemptions given to veterans, gold star parents, and

blind persons, to include, and be applicable to leased vehicles.

     This act would take effect upon passage.

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LC001468

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