2019 -- S 1012

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LC002867

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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: Senators Murray, and Picard

     Date Introduced: June 25, 2019

     Referred To: Placed on Senate Calendar

     It is enacted by the General Assembly as follows:

     SECTION 1. Section 44-5-74.1 of the General Laws in Chapter 44-5 entitled "Levy and

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

     44-5-74.1. Woonsocket -- List of ratable property.

     (a) Upon adoption of a system of classification of taxable property by the city of

Woonsocket, all ratable property in the city of Woonsocket shall be classified by the assessor as

follows:

     (1) Class One: all ratable tangible personal property and motor vehicles;

     (2) Class Two: residential real estate with less than four (4) units;

     (3) Class Three: all commercial and industrial real estate and residential real estate with

four (4) units or more, except as provided for in subsection (b).; and

     (4) Class Four: all motor vehicles and trailers subject to the excise tax created by chapter

34 of this title.

     (b) As to any residential real estate with four (4) units and wherein one or more of such

units are occupied by the owner of the real estate, such four (4) unit residential real estate shall be

classified as Class Two residential real estate. Said real estate shall be classified as Class Three if

it fails to have at least one unit that is occupied by the owner of the real estate. An owner of

residential real estate with four (4) units who is entitled to the Class Two residential real estate

classification pursuant to this section shall annually file a declaration of such owner-occupied

status with the tax assessor. The assessor shall prepare an appropriate form for the making of such

declaration.

     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

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

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

     This act would take effect upon passage.

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LC002867

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