2022 -- H 8182

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LC005866

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2022

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A N   A C T

RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES

     Introduced By: Representatives Carson, and Abney

     Date Introduced: April 28, 2022

     Referred To: House Municipal Government & Housing

     (by request)

It is enacted by the General Assembly as follows:

     SECTION 1. Section 44-5-76.1 of the General Laws in Chapter 44-5 entitled "Levy and

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

     44-5-76.1. Newport -- Property tax classification -- List of ratable property.

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

all ratable property in the city of Newport shall be classified by the assessor as follows:

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

     (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; and

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

of this title.

     (b) In lieu of the city of Newport adopting a homestead exemption authorized by

ordinances enacted pursuant to § 44-5-78, the city of Newport may divide the residential real estate

in Class Two of this section, into non-owner occupied and owner occupied properties and adopt

separate tax rates in compliance with the restrictions set forth in § 44-5-76.2. The city of Newport,

by ordinance or resolution, shall provide rules and regulations, including, but not limited to,

governing the division and definition of non-owner and owner occupied properties.

     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 city of Newport to adopt separate tax rates for non-owner

occupied and owner occupied residential real estate.

     This act would take effect upon passage.

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