Chapter 317

2010 -- S 2968 AS AMENDED

Enacted 07/15/10

A N A C T

RELATING TO TAXATION - LEVY AND ASSESSMENT OF LOCAL TAXES

Introduced By: Senator Daniel P. Connors

Date Introduced: June 03, 2010

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:

44-5-69.1. Property tax classification - Fire districts within the town of Lincoln - Tax

levy determination. -- Property tax classification – Albion fire district within the town of

Lincoln - Tax levy determination. -- The tax collector for the Albion fire district within the

town of Lincoln shall provide to the board of fire commissioners a list containing the full and fair

valuation of each property class, and with the approval of the members of the fire district by vote,

annually determine the percentage of the tax levy to be apportioned to each class of property and

shall annually apply tax rates sufficient to produce the proportion of the total tax levy.

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

including dwellings on leased land including mobile homes.

(2) Class 2. Commercial and industrial real estate and residential real estate of more than

five (5) dwelling units.

(3) Class 3. All ratable tangible personal property excluding motor vehicles and trailers.

(Notwithstanding any provisions of the contrary, the tax rates applicable to wholesale and retail

inventory within Class 3 are governed by section 44-3-29.1).

SECTION 2. This act shall take effect upon passage.

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LC02471

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