S2748

	2018 -- S 2748
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	LC003100
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	STATE OF RHODE ISLAND
	IN GENERAL ASSEMBLY
	JANUARY SESSION, A.D. 2018
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	A N A C T
	RELATING TO TAXATION - LEVY AND ASSESSMENT OF LOCAL TAXES

	Introduced By: Senator Ryan W. Pearson
	Date Introduced: March 27, 2018
	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.
4	(a) All tangible personal property subject to taxation shall be assessed for taxation based
5	on the original purchase price (new or used) including all costs such as freight and installation.
6	Assets will be classified and depreciated as defined in this section.
7	(b) The following classification and depreciation table shall be used in determining the
8	assessed value of tangible personal property.
9	State of Rhode Island Tangible Property Classification
10	Class of Assets Class I Short Life Class II Mid-Life Class III Long Life
11	Age 1-5 yrs 6-12 yrs 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	Cable television: All equipment including set top boxes, remotes, and other
25	related equipment II
26	Arial, underground, and drops (including MDUS) III
27	microwave systems II
28	program origination II
29	service and test II
30	subscriber connection and distribution II
31	Canneries and frozen food production II
32	Cement manufacture processing III
33	Chemical and allied production II
34	Clay products manufacturing processing 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, backhoes, forklifts,
11	loaders, cranes, unregistered vehicles, and the like II
12	Dairy products manufacturing processing II
13	Data handling equipment, except computers, printers, copiers,
14	bridges, routers and gateways II
15	Distilling II
16	Electrical equipment not used in manufacturing, how listed in utilities
17	Power production II
18	Electronic companies, steam production III
19	other production, combined cycle III
20	gas turbines III
21	nuclear production III
22	transmission III
23	distribution III
24	Electronic equipment manufacturing I II
25	Fabricated metal products/special tools II
26	special tools I
27	Fishing equipment, excluding boats and barges, lines, nets, and the like I
28	Food and beverage production II
29	special handling devices I
30	Fur processing II
31	Gas distribution, total distribution equipment III
32	Optional - for equipment by category:
33	mains and services, plastic III
34	mains and services, steel III
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1	meters, regulators, installations III
2	other distribution equipment III
3	Glass and glass products/special tools II
4	special tools I
5	Grain and grain mill products manufacture processing III
6	Gypsum products III
7	Hand tools I
8	Hospital furnishings and equipment II
9	Hotel and motel furnishings and equipment II
10	Jewelry products and pens II
11	Knitwear and knit products except work uniforms I
12	Laundry equipment II
13	Leather and leather products II
14	Logging, timber cutting I/II
15	Machinery manufacturing, except, as otherwise listed II
16	Marine construction II
17	Meatpacking II
18	Medical and dental supply production II
19	Metalworking machinery manufacturing processing II
20	Mining and quarrying II
21	Motion picture and television production II
22	Motor vehicle and parts manufacturing and special tools II
23	special tools I
24	Office furniture and equipment II
25	Optical lenses and instrument manufacturing processing II
26	Paints and varnishes I II
27	Paper and pulp manufacturing II
28	converted paper, paperboard and pump II
29	Petroleum and natural gas, drilling, onshore II
30	drilling, offshore II
31	exploration and production II
32	petroleum refining III
33	pipeline transportation III
34	Plastics manufacturing I/II
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1	Plastic products manufacturing processing/special tools II
2	special tools I
3	Primary metals production, nonferrous and foundry products III
4	special tools I II
5	Primary steel mill products III
6	Printing and publishing II
7	Professional and scientific instruments II
8	Radio and television, broadcasting I/II I
9	Railroad transportation equipment manufacturing II
10	locomotive manufacturing II
11	Recreation and amusement II
12	Retail trades, fixtures and equipment II
13	Residential furniture II
14	Restaurant and bar equipment II
15	Restaurant equipment, fast foods II
16	Rubber products manufacturing processing/special tools II
17	special tools I
18	Sawmills, permanent/portable II
19	portable I
20	Service establishments II
21	Ship and boat building machinery and equipment/special tools II
22	special tools I
23	Soft drink manufacture processing and bottling II
24	Steam production and distribution III
25	Stone products manufacturing processing III
26	Sugar and sugar products manufacturing III
27	Telecommunications, local and interstate exchange analog and digital switching I/II II
28	digital switching I/II
29	circuit, digital analog, optic I/II II
30	circuit, analog II
31	circuit, optic I/II
32	other central office equipment I/II
33	information/origination equipment I/II 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 II
13	Telecommunications, cellular analog/ digital switching I/II II
14	digital switching I/II
15	radio frequency channel and control I/II II
16	power equipment II
17	antennae II
18	towers III
19	transmission equipment I/II II
20	cellular phones I
21	Textile products, including finishing and dyeing II
22	manufacture of nonwoven fabrics II
23	manufacture of yarn, thread and woven fabrics II
24	manufacture of textured yarns II
25	Theater equipment II
26	Tobacco and tobacco products III
27	Vegetable oil products III
28	Utilities/power production III
29	Generation, transmission, or distribution equipment III
30	Waste reduction and resource recovery II
31	Water transportation III
32	vessels, barges and tugs III
33	Water utilities III
34	Wharves, docks and piers III
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1	Wholesale trade fixtures and equipment II
2	Wood products and furniture manufacturing II
3	Any industry group or asset not listed above will be classified as Class II
4	SECTION 2. This act shall take effect upon passage.
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	LC003100
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	EXPLANATION
	BY THE LEGISLATIVE COUNCIL
	OF
	A N A C T
	RELATING TO TAXATION - LEVY AND ASSESSMENT OF LOCAL TAXES
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1	This act would amend the classification table utilized by cities and towns in connection
2	with the assessment of tangible personal property in order to provide clarity to businesses
3	operating within the state.
4	This act would take effect upon passage.
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	LC003100
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