Chapter 451

2007 -- S 0995

Enacted 07/06/07

A N A C T

RELATING TO TAXATION - OVERSIGHT COMMISSION

Introduced By: Senator Stephen D. Alves

Date Introduced: May 10, 2007

It is enacted by the General Assembly as follows:

     SECTION 1. Section 44-5-11.7 of the General Laws in Chapter 44-5 entitled "Levy and

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

44-5-11.7. Permanent legislative oversight commission. -- (a) (1) There is created a

permanent legislative commission on property taxation. The commission consists of the following

members:

      (i) Chairperson of the house finance committee, or designee;

      (ii) Chairperson of the senate finance committee, or designee;

      (iii) Chief budget analyst of the office of municipal affairs, or designee;

      (iv) The president of the league of cities and towns;

      (v) The executive director of the Rhode Island public expenditures council, or designee;

and

      (vi) One Three (3) member members of the Rhode Island Assessors' Association.

      (vii) Director of the property valuation within the department of revenue.

      (2) The commission at its first meeting shall elect a chairperson from its membership.

      (b) The purpose of the commission is to study and evaluate property tax related issues

including, but not limited to: work in conjunction with Rhode Island department of

administration, department of revenue and the RIAAO representatives, to study and evaluate

property tax related issues including, but not limited to:

      (1) Revaluation process and statistical study after a revaluation;

      (2) Exemptions and classifications;

      (3) Uniform depreciation rates; and

      (4) Any other issues which the commission determines are relevant to the issue of

property taxation.

      (c) The members shall receive no compensation for their services. All departments and

agencies of the state shall furnish advice and information, documentary or otherwise to the

commission and its agents as is deemed necessary or desirable by the commission to facilitate the

purposes of the commission.

      (d) The commission shall meet no less than three (3) times per year and shall report its

findings and recommendations to the general assembly on an annual basis.

     SECTION 2. This act shall take effect upon passage.

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LC03049

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