| Chapter 315 |
| 2018 -- S 2748 SUBSTITUTE A AS AMENDED Enacted 07/10/2018 |
| A N A C T |
| RELATING TO TAXATION - LEVY AND ASSESSMENT OF LOCAL TAXES |
| Introduced By: Senator Ryan W. Pearson |
| Date Introduced: March 27, 2018 |
| 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 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 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 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 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 |
| (d) Any industry, group, or asset not enumerated in section (b) subsection (c) of this |
| section, shall be categorized as class II. |
| SECTION 2. This act shall take effect upon passage. |
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| LC003100/SUB A |
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