2019 -- S 1016

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LC002888

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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 Picard, and Murray

     Date Introduced: June 25, 2019

     Referred To: Senate Finance

     It is enacted by the General Assembly as follows:

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     SECTION 1. Section 44-5-74.1 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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     44-5-74.1. Woonsocket -- List of ratable property.

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

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

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follows:

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

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

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

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

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

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34 of this title.

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

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

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

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

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

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

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

 

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declaration.

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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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LC002888

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