2019 -- H 6080

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LC002586

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2019

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A N   A C T

RELATING TO TAXATION - LEVY AND ASSESSMENT OF LOCAL TAXES

     

     Introduced By: Representatives Morin, Phillips, and Casey

     Date Introduced: May 08, 2019

     Referred To: House Finance

     It is enacted by the General Assembly as follows:

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     SECTION 1. Section 44-5-74.2 of the General Laws in Chapter 44-5 entitled "Levy and

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Assessment of Local Taxes" is hereby amended to read as follows:

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     44-5-74.2. Woonsocket -- Valuation of ratable property.

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     (a) The assessor of the city of Woonsocket, on or before June 1 of each year, shall make a

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full and fair cash valuation of all the estate, real and personal, including motor vehicles and

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trailers, subject to taxation and determine the assessed valuation of each property class.

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     (b) The assessor has the authority to apply different rates of taxation against Class One,

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Class Two, and Class Three property to determine the tax due and payable on the property;

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provided, that the rate of taxation is uniform within each class. When real property is used for

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mixed purposes, the applicable rate shall be applied to the proportionate amount of the real

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property used for each purpose.

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     (c) The tax rates applicable to motor vehicles within Class One as defined in § 44-5-74.1

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are governed by § 44-34.1-1.

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     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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     This act would allow the tax rate for motor vehicles to differ from the tax rate for ratable

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tangible personal property in the city of Woonsocket in compliance with chapter 34.1 of title 44

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entitled "Motor Vehicle and Trailer Excise Tax Elimination Act of 1998."

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     This act would take effect upon passage.

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