H5250

	2017 -- H 5250
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	LC000940
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	STATE OF RHODE ISLAND
	IN GENERAL ASSEMBLY
	JANUARY SESSION, A.D. 2017
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	A N A C T
	RELATING TO TAXATION - LEVY AND ASSESSMENT OF LOCAL TAXES

	Introduced By: Representatives Ucci, Winfield, and Kazarian
	Date Introduced: January 26, 2017
	Referred To: House 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.
4	(a) All tangible personal property subject to taxation shall be assessed for
5	taxation based on the original purchase price (new or used) including all costs such as
6	freight and installation. Assets will be classified and depreciated as defined in this
7	section.
8	(b) The following classification and depreciation table shall be used in
9	determining the assessed value of tangible personal property.
10	State of Rhode Island Tangible Property Classification
11	Class of Assets Class I Short Life Class II Mid-Life Class III Long Life
12	Age 1-5 yrs 6-12 yrs 13+ yrs
13	1 95 95 95
14	2 80 90 90
15	3 60 80 85
16	4 30 70 80
17	5 20 60 75
18	6 20 50 70
19	7 20 40 65

1	8 20 30 60
2	9 20 30 55
3	10 20 30 50
4	11 20 30 45
5	12 20 30 40
6	13 20 30 35
7	14 20 30 30
8	15+ 20 30 30
9	Assets Shall Not be Trended
10	(c) Assets shall be classified on an annual basis by the Rhode Island Association
11	of Assessing Officers' Personal Property Committee based on the following table:
12	INDUSTRY GROUP IN YEARS CLASS
13	Aerospace industry II
14	Agriculture machinery and equipment II
15	cotton ginning II
16	Aircraft and all helicopters II
17	Amusement and theme parks II
18	Apparel and fabricated textile manufacturing II
19	Automobile repair shops II
20	Bakeries and confectionery production II
21	Barber and beauty shops II
22	Billboards II
23	Brewery equipment II
24	Cable television, headend facilities II
25	microwave systems II
26	program origination II
27	service and test II
28	subscriber connection and distribution II
29	Canneries and frozen food production II
30	Cement manufacture III
31	Chemical and allied production II
32	Clay products manufacturing III
33	Clocks and watches, manufacturing II
34	electronic instrumentation I
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1	Cold storage and ice-making equipment III
2	Cold storage warehouse equipment II
3	Computers, personal computers (PC) I
4	mainframe I/II
5	peripherals I
6	Condiments, manufacturing and processing II
7	Construction equipment, general construction II
8	Dairy products manufacturing II
9	Data handling equipment, except computers II
10	Distilling II
11	Electrical equipment manufacturing II
12	Electronic companies, steam production III
13	other production, combined cycle III
14	gas turbines III
15	nuclear production III
16	transmission III
17	distribution III
18	Electronic equipment manufacturing I
19	Fabricated metal products II
20	special tools I
21	Fishing equipment, excluding boats and barges I
22	Food and beverage production II
23	special handling devices I
24	Fur processing II
25	Gas distribution, total distribution equipment III
26	Optional - for equipment by category:
27	mains and services, plastic III
28	mains and services, steel III
29	meters, regulators, installations III
30	other distribution equipment III
31	Glass and glass products II
32	special tools I
33	Grain and grain mill products manufacture III
34	Gypsum products III
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1	Hand tools I
2	Hospital furnishings and equipment II
3	Hotel and motel furnishings and equipment II
4	Jewelry products and pens II
5	Knitwear and knit products I
6	Laundry equipment II
7	Leather and leather products II
8	Logging, timber cutting I/II
9	Machinery manufacturing, except, as otherwise listed II
10	Marine construction II
11	Meatpacking II
12	Medical and dental supply production II
13	Metalworking machinery manufacturing II
14	Mining and quarrying II
15	Motion picture and television production II
16	Motor vehicle and parts manufacturing II
17	special tools I
18	Office furniture and equipment II
19	Optical lenses and instrument manufacturing II
20	Paints and varnishes I
21	Paper and pulp manufacturing II
22	converted paper, paperboard and pump II
23	Petroleum and natural gas, drilling, onshore II
24	drilling, offshore II
25	exploration and production II
26	petroleum refining III
27	pipeline transportation III
28	Plastics manufacturing I/II
29	Plastic products manufacturing II
30	special tools I
31	Primary metals production, nonferrous and foundry products III
32	special tools I
33	Primary steel mill products III
34	Printing and publishing II
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1	Professional and scientific instruments II
2	Radio and television, broadcasting I/II
3	Railroad transportation equipment manufacturing II
4	locomotive manufacturing II
5	Recreation and amusement II
6	Retail trades, fixtures and equipment II
7	Residential furniture II
8	Restaurant and bar equipment II
9	Restaurant equipment, fast foods II
10	Rubber products manufacturing II
11	special tools I
12	Sawmills, permanent II
13	portable I
14	Service establishments II
15	Ship and boat building machinery and equipment II
16	special tools I
17	Soft drink manufacture and bottling II
18	Steam production and distribution III
19	Stone products manufacturing III
20	Sugar and sugar products manufacturing III
21	Telecommunications, local exchange analog switching I/II
22	digital switching I/II
23	circuit, digital I/II
24	circuit, analog II
25	circuit, optic I/II
26	other central office equipment I/II
27	information/origination equipment I/II
28	smart phones I
29	metallic cable II
30	fiber cable III
31	poles III
32	conduit III
33	Telecommunications, interstate interexchange
34	analog switching I/II
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1	digital switching I/II
2	metallic cable II
3	fiber cable III
4	poles III
5	conduit III
6	all other equipment I/II
7	Telecommunications, cellular analog switching I/II
8	digital switching I/II
9	radio frequency channel and control I/II
10	power equipment II
11	antennae II
12	towers III
13	transmission equipment I/II
14	cellular phones I
15	Textile products, including finishing and dyeing II
16	manufacture of nonwoven fabrics II
17	manufacture of yarn, thread and woven fabrics II
18	manufacture of textured yarns II
19	Theater equipment II
20	Tobacco and tobacco products III
21	Vegetable oil products III
22	Waste reduction and resource recovery II
23	Water transportation III
24	vessels, barges and tugs III
25	Water utilities III
26	Wharves, docks and piers III
27	Wholesale trade fixtures and equipment II
28	Wood products and furniture manufacturing II
29	(c) All motor vehicles assessed in accordance with this chapter by cities and towns as of
30	December 31, 2016 and thereafter shall be assessed in accordance with the trade-in value
31	contained in the National Automobile Dealers Association (NADA) valuations.
32	SECTION 2. This act shall take effect upon passage.
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	EXPLANATION
	BY THE LEGISLATIVE COUNCIL
	OF
	A N A C T
	RELATING TO TAXATION - LEVY AND ASSESSMENT OF LOCAL TAXES
	***
1	This act would require cities and towns to use the National Automobile Dealers
2	Association (NADA) trade-in value for motor vehicles assessed as of December 31, 2016 and
3	thereafter for purposes of the tangible personal property tax.
4	This act would take effect upon passage.
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	LC000940
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