2016 -- H 7295 | |
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LC004045 | |
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STATE OF RHODE ISLAND | |
IN GENERAL ASSEMBLY | |
JANUARY SESSION, A.D. 2016 | |
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A N A C T | |
RELATING TO TAXATION - EXCISE ON MOTOR VEHICLES AND TRAILERS | |
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Introduced By: Representatives MacBeth, McLaughlin, and Azzinaro | |
Date Introduced: January 22, 2016 | |
Referred To: House Finance | |
It is enacted by the General Assembly as follows: | |
1 | SECTION 1. Section 44-34-5 of the General Laws in Chapter 44-34 entitled "Excise on |
2 | Motor Vehicles and Trailers" is hereby amended to read as follows: |
3 | 44-34-5. Veterans' and other property tax exemptions. -- (a) Those veterans, gold star |
4 | parents, and blind persons who qualify for property tax exemption under §§ 30-22-1 -- 30-22-4 |
5 | and §§ 44-3-4, 44-3-5, and 44-3-12 shall have the exemption applied to their real estate and |
6 | tangible personal property, other than registered vehicles or trailers, in the communities where |
7 | they reside as prescribed in those sections. However, if there is not sufficient property to exhaust |
8 | the exemption, the balance of the exemption shall be applied to the excise tax on his or her motor |
9 | vehicle or trailer.; provided, a veteran, gold star parent, or blind person who qualifies for a |
10 | property tax exemption as set forth in this section, may also apply this exemption to leased motor |
11 | vehicles or trailers if the lessee is responsible for the payment of taxes on said leased motor |
12 | vehicle or trailer. |
13 | (b) The amount of exemption shall not exceed the amount of excise levied on those |
14 | vehicles owned by the person. |
15 | SECTION 2. This act shall take effect upon passage. |
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LC004045 | |
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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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1 | This act would extend property tax exemptions given to veterans, gold star parents, and |
2 | blind persons, to include, and be applicable to leased motor vehicles and trailers. |
3 | This act would take effect upon passage. |
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