| Chapter 014 |
| 2023 -- S 0240 SUBSTITUTE A Enacted 05/10/2023 |
| A N A C T |
| RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES |
Introduced By: Senators Lawson, Britto, and Lauria |
| Date Introduced: February 16, 2023 |
| It is enacted by the General Assembly as follows: |
| SECTION 1. Section 44-5-11.10 of the General Laws in Chapter 44-5 entitled "Levy and |
| Assessment of Local Taxes" is hereby amended to read as follows: |
| 44-5-11.10. Real estate tax classification — East Providence. |
| Notwithstanding any provision within § 44-5-11.8 to the contrary: |
| (a) Upon the completion of any comprehensive revaluation in accordance with § 44-5-11.6, |
| the city of East Providence may adopt a tax classification plan by ordinance with the following |
| limitations: |
| (1) The designated classes of property shall be limited to the four (4) classes as defined in |
| subsection (b). |
| (2) The tax rate applicable to any class Class 2 shall not exceed by two hundred percent |
| (200%) the rate applicable to any other class Class 1. |
| (3) Any tax rate changes from one year to the next shall be applied such that the same |
| percentage rate change is applicable to all classes Beginning with the assessment date of December |
| 31, 2022, and except in any year in which a comprehensive or statistical revaluation is completed, |
| any tax rate change from one year to the next shall be applied such that the same percentage change |
| is applicable to all classes. |
| (4) Notwithstanding subdivisions (a)(2) and (a)(3), the tax rates applicable to wholesale |
| and retail inventory within Class 3 as defined in subsection (b) are governed by § 44-3-29.1. |
| (5) Notwithstanding subdivisions (a)(2) and (a)(3), the tax rates applicable to motor |
| vehicles within Class 4 as defined in subsection (b) are governed by § 44-34.1-1. |
| (6) The provisions of chapter 35 of this title relating to property tax and fiscal disclosure |
| applies apply to the reporting of and compliance with these classification restrictions. |
| (b) Classes of Property. |
| (1) Class 1: Residential real estate consisting of no more than three (3) dwelling units, land |
| classified as open space, and dwellings on leased land including mobile homes. A homestead |
| exemption provision is also authorized within this class; provided, however, that the actual effective |
| rate applicable to property qualifying for this exemption shall be construed as the standard rate for |
| this class against which the maximum rate applicable to another class shall be determined. |
| (2) Class 2: Commercial and industrial real estate, residential properties containing partial |
| commercial or business uses and residential real estate of more than three (3) dwelling units. |
| (3) Class 3: All ratable tangible personal property; excluding wholesale and retail |
| inventory, which shall be taxed in accordance with § 44-3-29.1. |
| (4) Class 4: Motor vehicles and trailers subject to the excise tax created by chapter 34 of |
| this title. |
| SECTION 2. This act shall take effect upon passage. |
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| LC001495/SUB A |
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