2012 -- H 7646

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LC01270

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STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2012

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A N A C T

RELATING TO TAXATION - PROPERTY SUBJECT TO TAXATION

     Introduced By: Representative Daniel P. Gordon

     Date Introduced: February 16, 2012

     Referred To: House Finance

It is enacted by the General Assembly as follows:

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     SECTION 1. Section 44-3-3.1 of the General Laws in Chapter 44-3 entitled "Property

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Subject to Taxation" is hereby amended to read as follows:

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     44-3-3.1. Exemption of office equipment used for manufacturing or commercial

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purposes. -- (a) The city or town council of any municipality may shall by ordinance wholly or

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partially exempt from taxation for a period of up to twenty-five (25) years any items of office

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equipment, which include, but are not limited to, computers, telephone equipment, and any other

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items of personal property used in an office and/or any leasehold improvements which are not

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exempt and are used for manufacturing or commercial purposes and may by ordinance establish

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the procedures for taxpayers to avail themselves of the benefit of any exemption permitted under

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this section.

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      (b) Nothing in this section shall be deemed to permit the exemption provided in this

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section to be available to any manufacturing or commercial business relocating from one city or

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town within the state to another.

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     SECTION 2. This act shall take effect upon passage.

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LC01270

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N A C T

RELATING TO TAXATION - PROPERTY SUBJECT TO TAXATION

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     This act would exempt office equipment from taxation.

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     This act would take effect upon passage.

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LC01270

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