| Chapter 138 |
| 2022 -- H 8182 Enacted 06/23/2022 |
| A N A C T |
| RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES |
Introduced By: Representatives Carson, and Abney |
| Date Introduced: April 28, 2022 |
| It is enacted by the General Assembly as follows: |
| SECTION 1. Section 44-5-76.1 of the General Laws in Chapter 44-5 entitled "Levy and |
| Assessment of Local Taxes" is hereby amended to read as follows: |
| 44-5-76.1. Newport -- Property tax classification -- List of ratable property. |
| (a) Upon adoption of a system of classification of taxable property by the city of Newport, |
| all ratable property in the city of Newport shall be classified by the assessor as follows: |
| (1) Class One: all ratable tangible personal property; |
| (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; and |
| (4) Class Four: motor vehicles and trailers subject to the excise tax created by chapter 34 |
| of this title. |
| (b) In lieu of the city of Newport adopting a homestead exemption authorized by |
| ordinances enacted pursuant to § 44-5-78, the city of Newport may divide the residential real estate |
| in Class Two of this section, into non-owner occupied and owner-occupied properties and adopt |
| separate tax rates in compliance with the restrictions set forth in § 44-5-76.2. The city of Newport, |
| by ordinance or resolution, shall provide rules and regulations, including, but not limited to, |
| governing the division and definition of non-owner and owner-occupied properties. |
| SECTION 2. This act shall take effect upon passage. |
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| LC005866 |
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