Rhode Island § 44-5-12.2 § 44-5-12.2. Tangible personal property exemption — Tax rate cap.

Rhode Island Statutes

§ 44-5-12.2 — § 44-5-12.2. Tangible personal property exemption — Tax rate cap.

Rhode Island § 44-5-12.2

Title 44Taxation

Ch. 44-5Levy and Assessment of Local Taxes

This text of Rhode Island § 44-5-12.2 (§ 44-5-12.2. Tangible personal property exemption — Tax rate cap.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 44-5-12.2 (2026).

Text

§ 44-5-12.2. Tangible personal property exemption — Tax rate cap.
Notwithstanding any other provision of law to the contrary, the tax rate for the class
            of property that includes tangible personal property for any city, town, or fire district
            that also establishes a tangible personal property assessment exemption, pursuant
            to subsections (a)(51), (a)(66), or (c) of § 44-3-3, § 44-3-47, § 44-3-65, or any other provision of law that enables a city, town, or fire district to establish
            a tangible personal property assessment exemption, shall be capped at the tax rate
            in effect for the assessment date immediately preceding the assessment date on which
            th

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§ 44-5-12.2. Tangible personal property exemption — Tax rate cap.

Notwithstanding any other provision of law to the contrary, the tax rate for the class of property that includes tangible personal property for any city, town, or fire district that also establishes a tangible personal property assessment exemption, pursuant to subsections (a)(51), (a)(66), or (c) of § 44-3-3, § 44-3-47, § 44-3-65, or any other provision of law that enables a city, town, or fire district to establish a tangible personal property assessment exemption, shall be capped at the tax rate in effect for the assessment date immediately preceding the assessment date on which the exemption takes effect or the assessment date immediately following the effective date of this section [June 27, 2022], whichever is later.