Chapter 304 |
2019 -- H 6080 AS AMENDED Enacted 07/19/2019 |
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 |
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 |
the units are occupied by the owner of the real estate, such the four (4) unit residential real estate |
shall be classified as Class Two residential real estate. Said The 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 the owner- |
occupied status with the tax assessor. The assessor shall prepare an appropriate form for the |
making of such the declaration. |
SECTION 2. This act shall take effect upon passage. |
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LC002586 |
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