House Bill #7858 (2018)

AN ACT RELATING TO TAXATION - LEVY AND ASSESSMENT OF LOCAL TAXES

Revises the list of personal property subject to local taxation and provide greater clarity to businesses in the state concerning such taxes.

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  • 2018 – H 7858
  • 2018 – H 7858 SUBSTITUTE A
  • ========
  • LC005007
  • LC005007/SUB A
  • ========
  • S T A T E O F R H O D E I S L A N D
  • IN GENERAL ASSEMBLY
  • JANUARY SESSION, A.D. 2018
  • ____________
  • A N A C T
  • RELATING TO TAXATION - LEVY AND ASSESSMENT OF LOCAL TAXES
  • Introduced By: Representative Alex D. Marszalkowski
  • Date Introduced: February 28, 2018
  • Referred To: House Finance
  • It is enacted by the General Assembly as follows:
  • SECTION 1. Section 44-5-12.1 of the General Laws in Chapter 44-5 entitled "Levy and Assessment of Local Taxes" is hereby amended to read as follows:
  • 44-5-12.1. Assessment of tangible personal property.
  • (a) All tangible personal property subject to taxation shall be assessed for taxation based on the original purchase price (new or used) including all costs such as freight and installation. Assets will be classified and depreciated as defined in this section.
  • (b) The following classification and depreciation table shall be used in determining the assessed value of tangible personal property.
  • State of Rhode Island Tangible Property Classification Class of Assets Class I Short Life Class II Mid-Life Class III Long Life
  • Age 1-5 yrs 6-12 yrs 13+ yrs
  • 1 95 95 95
  • 2 80 90 90
  • 3 60 80 85
  • 4 30 70 80
  • 5 20 60 75
  • 6 20 50 70
  • 7 20 40 65
  • 8 20 30 60
  • 9 20 30 55
  • 10 20 30 50
  • 11 20 30 45
  • 12 20 30 40
  • 13 20 30 35
  • 14 20 30 30
  • 15+ 20 30 30
  • Assets Shall Not be Trended
  • (c) Assets shall be classified on an annual basis by the Rhode Island Association of Assessing Officers' Personal Property Committee based on the following table:
  • INDUSTRY GROUP IN YEARS CLASS
  • Aerospace industry II
  • Agriculture machinery and equipment II
  • cotton ginning II
  • Aircraft and all helicopters II
  • Amusement and theme parks II
  • Apparel and fabricated textile manufacturing II
  • Automobile repair shops II
  • Bakeries and confectionery production II
  • Barber and beauty shops II
  • Billboards II
  • Billboards II III
  • Brewery equipment not used directly in manufacturing II
  • Cable television, headend facilities Cable television: All equipment including
  • set top boxes, remotes, and other related equipment II
  • Aerial, underground, and drops, including MDUS. III
  • microwave systems II
  • program origination II
  • service and test II
  • subscriber connection and distribution II
  • Canneries and frozen food production II
  • Cement manufacture processing III
  • Chemical and allied production II
  • Clay products manufacturing processing III
  • Clocks and watches, manufacturing II
  • electronic instrumentation I Cold storage and ice-making equipment III Cold storage warehouse equipment II Computers, personal computers (PC), laptops, tablets, cellphones,
  • mainframe/servers, peripherals, keyboard, mouse, I
  • mainframe I/II
  • peripherals I Condiments, manufacturing and processing II Construction equipment, general construction, backhoes, forklifts, loaders,
  • cranes, unregistered vehicles II Dairy products manufacturing processing II Data handling equipment, except computers II Printers, copiers, bridges, routers and gateways II Distilling II Electrical equipment not used in manufacturing II Electronic companies, steam production III
  • other production, combined cycle III
  • gas turbines III
  • nuclear production III
  • transmission III
  • distribution III Electronic equipment manufacturing I Fabricated metal products/special tools II
  • distribution III Electronic equipment manufacturing I II Fabricated metal products/special tools II
  • special tools I Fishing equipment, excluding boats and barges, lines, nets, I Food and beverage production II
  • special handling devices I Fur processing II Gas distribution, total distribution equipment III Optional - for equipment by category:
  • mains and services, plastic III
  • mains and services, steel III
  • meters, regulators, installations III
  • other distribution equipment III Glass and glass products/special tools II
  • special tools I Grain and grain mill products manufacture processing III Gypsum products III Hand tools I Hospital furnishings and equipment II Hotel and motel furnishings and equipment II Jewelry products and pens II Knitwear and knit products, ex, work uniforms I Laundry equipment II Leather and leather products II Logging, timber cutting I/II II Machinery manufacturing, except, as otherwise listed II Marine construction II Meatpacking II Medical and dental supply production II Metalworking machinery manufacturing processing II Mining and quarrying II Motion picture and television production II Motor vehicle and parts/special tools manufacturing II
  • special tools I Grain and grain mill products manufacture processing III Gypsum products III Hand tools I II Hospital furnishings and equipment II Hotel and motel furnishings and equipment II Jewelry products and pens II Knitwear and knit products, ex, work uniforms I Laundry equipment II Leather and leather products II Logging, timber cutting I/II II Machinery manufacturing, except, as otherwise listed II Marine construction II Meatpacking II Medical and dental supply production II Metalworking machinery manufacturing processing II Mining and quarrying II Motion picture and television production II Motor vehicle and parts/special tools manufacturing II
  • special tools I Office furniture and equipment II Optical lenses and instrument manufacturing processing II Paints and varnishes I Paper and pulp manufacturing II
  • converted paper, paperboard and pump II Petroleum and natural gas, drilling, onshore II
  • drilling, offshore II
  • exploration and production II
  • petroleum refining III
  • pipeline transportation III Plastics manufacturing I/II Plastic products manufacturing processing/special tools II
  • special tools I Primary metals production, nonferrous and foundry products III
  • special tools I III Primary steel mill products III Printing and publishing II Professional and scientific instruments II Radio and television, broadcasting I/II II Railroad transportation equipment manufacturing II
  • locomotive manufacturing II Recreation and amusement II Retail trades, fixtures and equipment II Residential furniture II Restaurant and bar equipment II Restaurant equipment, fast foods II Rubber products manufacturing processing/special tools II
  • special tools I Sawmills, permanent/portable II
  • portable I Service establishments II Ship and boat building machinery and equipment/special tools II
  • special tools I Soft drink manufacture processing and bottling II Steam production and distribution III Stone products manufacturing processing III Sugar and sugar products manufacturing III Telecommunications, local exchange and interstate II
  • analog switching I/II II
  • digital switching I/II
  • circuit, digital, analog, optic I/II II
  • circuit, analog II
  • circuit, optic I/II
  • other central office equipment I/II
  • information/origination equipment I/II
  • smart phones I
  • metallic cable II
  • metallic cable II III
  • fiber cable, poles, conduit III
  • poles III
  • conduit III Telecommunications, interstate interexchange analog switching I/II
  • digital switching I/II
  • metallic cable II
  • fiber cable III
  • poles III
  • conduit III
  • all other equipment I/II II Telecommunications, cellular analog Analog/digital switching I/II II
  • digital switching I/II
  • radio frequency channel and control I/II II
  • power equipment II
  • antennae II
  • towers III
  • transmission equipment I/II II
  • cellular phones I Textile products, including finishing and dyeing II
  • manufacture of nonwoven fabrics II
  • manufacture of yarn Yarn, thread and woven fabrics II
  • manufacture of textured yarns II Theater equipment II Tobacco and tobacco products III Vegetable oil products III Utilities/power production III Generation, transmission, or distribution equipment III Waste reduction and resource recovery II Water transportation III
  • vessels, barges and tugs III Water utilities III Wharves, docks and piers III Wholesale trade fixtures and equipment II
  • Wood products and furniture manufacturing II
  • Wood products and furniture manufacturing II
  • (d) Any industry, group, or asset not enumerated in section (b) of this section, shall be categorized as class II.
  • SECTION 2. This act shall take effect upon passage. ======== LC005007 ========
  • EXPLANATION
  • SECTION 2. This act shall take effect upon passage. ======== LC005007/SUB A ========
  • EXPLANATION
  • BY THE LEGISLATIVE COUNCIL
  • OF
  • OF
  • A N A C T
  • RELATING TO TAXATION - LEVY AND ASSESSMENT OF LOCAL TAXES
  • ***
  • This act would revise the list of personal property subject to local taxation and provide greater clarity to businesses in the state concerning such taxes.
  • This act would take effect upon passage. ======== LC005007 ========
  • This act would take effect upon passage. ======== LC005007/SUB A ========

Votes

NOTE: Electronic voting records are unofficial and may not be accurate. For an official vote tally, check the House or Senate Journal from the day of the vote.

Floor vote for PASSAGE

June 21, 2018 at 6:28pm
Yeas: 73 / Nays: 1 / Not voting: 1 / Recused: 0
Legislator Vote
Rep. Abney Y
Rep. Ackerman Y
Rep. Ajello Y
Rep. Almeida Y
Rep. Amore Y
Rep. Azzinaro Y
Rep. Barros Y
Rep. Bennett Y
Rep. Blazejewski Y
Rep. Canario Y
Rep. Carson Y
Rep. Casey Y
Rep. Casimiro Y
Rep. Chippendale Y
Rep. Corvese Y
Rep. Costantino Y
Rep. Coughlin Y
Rep. Craven Y
Rep. Cunha Y
Rep. Diaz Y
Rep. Donovan NV
Rep. Edwards Y
Rep. Fellela Y
Rep. Filippi Y
Rep. Fogarty Y
Rep. Giarrusso Y
Rep. Handy Y
Rep. Hearn Y
Rep. Hull Y
Rep. Jacquard Y
Rep. Johnston Y
Rep. Kazarian Y
Rep. Keable Y
Rep. Kennedy Y
Rep. Knight Y
Rep. Lancia Y
Rep. Lima Y
Rep. Lombardi Y
Rep. Maldonado Y
Rep. Marshall Y
Rep. Marszalkowski Y
Rep. Mattiello Y
Rep. McEntee Y
Rep. McKiernan Y
Rep. McLaughlin Y
Rep. McNamara Y
Rep. Mendonca Y
Rep. Messier Y
Rep. Morgan N
Rep. Morin Y
Rep. Nardolillo Y
Rep. Newberry Y
Rep. Nunes Y
Rep. O'Brien Y
Rep. O'Grady Y
Rep. Perez Y
Rep. Phillips Y
Rep. Price Y
Rep. Quattrocchi Y
Rep. Ranglin-Vassell Y
Rep. Regunberg Y
Rep. Roberts Y
Rep. Ruggiero Y
Rep. Serpa Y
Rep. Shanley Y
Rep. Shekarchi Y
Rep. Slater Y
Rep. Solomon Y
Rep. Tanzi Y
Rep. Tobon Y
Rep. Ucci Y
Rep. Vella-Wilkinson Y
Rep. Walsh Y
Rep. Williams Y
Rep. Winfield Y