2018 -- S 2748 SUBSTITUTE A AS AMENDED | |
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LC003100/SUB A | |
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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 | |
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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 not used directly in manufacturing II |
23 | Cable television, headend facilities Cable television: All equipment including |
24 | set top boxes, remotes, and other related equipment II |
25 | Aerial, underground, and drops, including MDUS. III |
26 | microwave systems II |
27 | program origination II |
28 | service and test II |
29 | subscriber connection and distribution II |
30 | Canneries and frozen food production II |
31 | Cement manufacture processing III |
32 | Chemical and allied production II |
33 | Clay products manufacturing processing III |
34 | Clocks and watches, manufacturing II |
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1 | electronic instrumentation I |
2 | Cold storage and ice-making equipment III |
3 | Cold storage warehouse equipment II |
4 | Computers, personal computers (PC), laptops, tablets, cellphones, |
5 | mainframe/servers, peripherals, keyboard, mouse, I |
6 | mainframe I/II |
7 | peripherals I |
8 | Condiments, manufacturing and processing II |
9 | Construction equipment, general construction, backhoes, forklifts, loaders, |
10 | cranes, unregistered vehicles II |
11 | Dairy products manufacturing processing II |
12 | Data handling equipment, except computers II |
13 | Printers, copiers, bridges, routers and gateways II |
14 | Distilling II |
15 | Electrical equipment not used in manufacturing II |
16 | Electronic companies, steam production III |
17 | other production, combined cycle III |
18 | gas turbines III |
19 | nuclear production III |
20 | transmission III |
21 | distribution III |
22 | Electronic equipment manufacturing I II |
23 | Fabricated metal products/special tools II |
24 | special tools I |
25 | Fishing equipment, excluding boats and barges, lines, nets, I |
26 | Food and beverage production II |
27 | special handling devices I |
28 | Fur processing II |
29 | Gas distribution, total distribution equipment III |
30 | Optional - for equipment by category: |
31 | mains and services, plastic III |
32 | mains and services, steel III |
33 | meters, regulators, installations III |
34 | other distribution equipment III |
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1 | Glass and glass products/special tools II |
2 | special tools I |
3 | Grain and grain mill products manufacture processing III |
4 | Gypsum products III |
5 | Hand tools I II |
6 | Hospital furnishings and equipment II |
7 | Hotel and motel furnishings and equipment II |
8 | Jewelry products and pens II |
9 | Knitwear and knit products, ex, work uniforms I |
10 | Laundry equipment II |
11 | Leather and leather products II |
12 | Logging, timber cutting I/II II |
13 | Machinery manufacturing, except, as otherwise listed II |
14 | Marine construction II |
15 | Meatpacking II |
16 | Medical and dental supply production II |
17 | Metalworking machinery manufacturing processing II |
18 | Mining and quarrying II |
19 | Motion picture and television production II |
20 | Motor vehicle and parts/special tools manufacturing II |
21 | special tools I |
22 | Office furniture and equipment II |
23 | Optical lenses and instrument manufacturing processing II |
24 | Paints and varnishes I |
25 | Paper and pulp manufacturing II |
26 | converted paper, paperboard and pump II |
27 | Petroleum and natural gas, drilling, onshore II |
28 | drilling, offshore II |
29 | exploration and production II |
30 | petroleum refining III |
31 | pipeline transportation III |
32 | Plastics manufacturing I/II |
33 | Plastic products manufacturing processing/special tools II |
34 | special tools I |
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1 | Primary metals production, nonferrous and foundry products III |
2 | special tools I III |
3 | Primary steel mill products III |
4 | Printing and publishing II |
5 | Professional and scientific instruments II |
6 | Radio and television, broadcasting I/II II |
7 | Railroad transportation equipment manufacturing II |
8 | locomotive manufacturing II |
9 | Recreation and amusement II |
10 | Retail trades, fixtures and equipment II |
11 | Residential furniture II |
12 | Restaurant and bar equipment II |
13 | Restaurant equipment, fast foods II |
14 | Rubber products manufacturing processing/special tools II |
15 | special tools I |
16 | Sawmills, permanent/portable II |
17 | portable I |
18 | Service establishments II |
19 | Ship and boat building machinery and equipment/special tools II |
20 | special tools I |
21 | Soft drink manufacture processing and bottling II |
22 | Steam production and distribution III |
23 | Stone products manufacturing processing III |
24 | Sugar and sugar products manufacturing III |
25 | Telecommunications, local exchange and interstate II |
26 | analog switching I/II II |
27 | digital switching I/II |
28 | circuit, digital, analog, optic I/II II |
29 | circuit, analog II |
30 | circuit, optic I/II |
31 | other central office equipment I/II |
32 | information/origination equipment I/II |
33 | smart phones I |
34 | metallic cable II III |
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1 | fiber cable, poles, conduit III |
2 | poles III |
3 | conduit III |
4 | Telecommunications, interstate interexchange analog switching I/II |
5 | digital switching I/II |
6 | metallic cable II |
7 | fiber cable III |
8 | poles III |
9 | conduit III |
10 | all other equipment I/II II |
11 | Telecommunications, cellular |
12 | analog Analog/digital switching I/II II |
13 | digital switching I/II |
14 | radio frequency channel and control I/II II |
15 | power equipment II |
16 | antennae II |
17 | towers III |
18 | transmission equipment I/II II |
19 | cellular phones I |
20 | Textile products, including finishing and dyeing II |
21 | manufacture of nonwoven fabrics II |
22 | manufacture of yarn Yarn, thread and woven fabrics II |
23 | manufacture of textured yarns II |
24 | Theater equipment II |
25 | Tobacco and tobacco products III |
26 | Vegetable oil products III |
27 | Utilities/power production III |
28 | Generation, transmission, or distribution equipment III |
29 | Waste reduction and resource recovery II |
30 | Water transportation III |
31 | vessels, barges and tugs III |
32 | Water utilities III |
33 | Wharves, docks and piers III |
34 | Wholesale trade fixtures and equipment II |
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1 | Wood products and furniture manufacturing II |
2 | (d) Any industry, group, or asset not enumerated in section (b) of this section, shall be |
3 | categorized as class II. |
4 | 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 | |
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1 | This act would revise the list of personal property subject to local taxation and provide |
2 | greater clarity to businesses in the state concerning such taxes. |
3 | This act would take effect upon passage. |
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