House Bill #6080 (2019)

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

Allows Woonsocket to assess different tax rates upon motor vehicles and ratable tangible personal property to comply with Motor Vehicle/Trailer Tax Elimination Act.

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Changes since original draft

  • 2019 – H 6080
  • 2019 – H 6080 AS AMENDED
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  • LC002586
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  • S TATE OF RHODE IS L AND
  • IN GENERAL ASSEMBLY
  • JANUARY SESSION, A.D. 2019
  • ____________
  • A N A C T
  • RELATING TO TAXATION - LEVY AND ASSESSMENT OF LOCAL TAXES
  • 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. 2019
  • ____________
  • A N A C T
  • RELATING TO TAXATION - LEVY AND ASSESSMENT OF LOCAL TAXES
  • Introduced By: Representatives Morin, Phillips, and Casey
  • Date Introduced: May 08, 2019
  • Referred To: House Finance
  • It is enacted by the GeneralAssembly as follows:
  • SECTION 1. Section 44-5-74.2 of the General Laws in Chapter 44-5 entitled "Levy and Assessment of LocalTaxes"is hereby amended to read as follows:
  • 44-5-74.2. Woonsocket – Valuation of ratable property.
  • (a) The assessor of the city of Woonsocket, on or before June 1 of eachyear, shallmake a full and fair cash valuation of all the estate, real and personal, including motor vehicles and trailers, subject to taxation and determine the assessed valuation of each property class.
  • (b) The assessor has the authority to apply different rates of taxation against Class One, Class Two, and Class Three property to determine the tax due and payable on the property; provided, that the rate of taxation is uniform within each class. When real property is used for mixed purposes, the applicable rate shall be applied to the proportionate amount of the real property used for each purpose.
  • (c) The tax rates applicable to motor vehicles within Class One as defined in § 44-5-74.1 are governed by § 44-34.1-1.
  • SECTION 2. This act shalltake effect upon passage.
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  • LC002586
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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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  • It is enacted by the General Assembly as follows:
  • SECTION 1. Section 44-5-74.1 of the General Laws in Chapter 44-5 entitled "Levy and Assessment of Local Taxes" is hereby amended to read as follows:
  • 44-5-74.1. Woonsocket – List of ratable property.
  • (a) Upon adoption of a system of classification of taxable property by the city of Woonsocket, all ratable property in the city of Woonsocket shall be classified by the assessor as follows:
  • (1) Class One: all ratable tangible personal property and motor vehicles;
  • (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, except as provided for in subsection (b).; and
  • (4) Class Four: all motor vehicles and trailers subject to the excise tax created by chapter 34 of this title.
  • (b) As to any residential real estate with four (4) units and wherein one or more of such units are occupied by the owner of the real estate, such four (4) unit residential real estate shall be classified as Class Two residential real estate. Said real estate shall be classified as Class Three if it fails to have at least one unit that is occupied by the owner of the real estate. An owner of residential real estate with four (4) units who is entitled to the Class Two residential real estate classification pursuant to this section shall annually file a declaration of such owner-occupied status with the tax assessor. The assessor shall prepare an appropriate form for the making of such declaration.
  • SECTION 2. This act shall take effect upon passage. ======== LC002586 ========
  • 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 tax rate for motor vehicles to differ from the tax rate for ratable tangible personal property in the city of Woonsocket in compliance with chapter 34.1 of title 44 entitled "Motor Vehicle and Trailer Excise Tax Elimination Act of 1998."
  • This act would take effect upon passage. ======== LC002586 ========
  • LC002586 - Page 2of 2
  • This act would take effect upon passage. ======== LC002586 ========

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