2022 -- H 8039

========

LC005572

========

     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2022

____________

A N   A C T

RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES

     Introduced By: Representatives McLaughlin, Marszalkowski, Hull, Ackerman, and Tanzi

     Date Introduced: March 23, 2022

     Referred To: House Municipal Government & Housing

     It is enacted by the General Assembly as follows:

     SECTION 1. Chapter 44-5 of the General Laws entitled "Levy and Assessment of Local

Taxes" is hereby amended by adding thereto the following section:

     44-5-11.16. Tax classification -- Cumberland.

     (a) The assessor of the town of Cumberland shall annually prepare a list containing the full

and fair valuation of each property within the town and the percentage of the tax levy to be

apportioned to each class of property and tax rates sufficient to produce the proportion of the total

tax levy.

     (b) The assessor has the authority to apply different rates of taxation against all classes of

property to determine the tax due and payable on the property; provided that, the rate of taxation is

uniform within each class.

     (c) Classes of property.

     (1) Class 1: Residential real estate consisting of no more than five (5) dwelling units; land

classified as open space; and dwellings on leased land including mobile homes.

     (i) A homestead exemption provision is also authorized within this class.

     (ii) In lieu of a homestead exemption, the town of Cumberland may divide this class into

non-owner and owner-occupied property and adopt separate tax rates in compliance with the tax

rate restrictions.

     (2) Class 2: Commercial and industrial real estate; residential properties containing partial

commercial or business uses; and residential real estate of more than five (5) dwelling units.

     (3) Class 3: All ratable, tangible personal property.

     (4) Class 4: Motor vehicles and trailers subject to the excise tax created by chapter 34 of

title 44.

     SECTION 2. This act shall take effect upon passage.

========

LC005572

========

LC005572 - Page 2 of 3

EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N   A C T

RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES

***

     This act would allow the town of Cumberland to apply different tax rates to all classes of

property, including, but not limited to, residential real estate, commercial and industrial real estate,

tangible personal property and motor vehicles and trailers.

     This act would take effect upon passage.

========

LC005572

========

LC005572 - Page 3 of 3