Rhode Island § 44-5.3-3 § 44-5.3-3. Tangible property tax rate cap.

Rhode Island Statutes

§ 44-5.3-3 — § 44-5.3-3. Tangible property tax rate cap.

Rhode Island § 44-5.3-3

Title 44Taxation

Ch. 44-5.3Statewide Tangible Property Tax Exemption

This text of Rhode Island § 44-5.3-3 (§ 44-5.3-3. Tangible property 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 § 44-5.3-3 (2026).

Text

§ 44-5.3-3. Tangible property tax rate cap.
(a) 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
            shall be capped and shall not exceed thereafter the tax rate in effect for the assessment
            date of December 31, 2022.
         
(b) Notwithstanding any other provision of law to the contrary, for assessment dates on
            and after December 31, 2023, any city, town, or fire district shall be permitted to
            tax all other classes of property, or where no classification has been enacted all
            other

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§ 44-5.3-3. Tangible property tax rate cap.

(a) 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 shall be capped and shall not exceed thereafter the tax rate in effect for the assessment date of December 31, 2022.

(b) Notwithstanding any other provision of law to the contrary, for assessment dates on and after December 31, 2023, any city, town, or fire district shall be permitted to tax all other classes of property, or where no classification has been enacted all other types of property, at a different tax rate than the tax rate for tangible personal property required by subsection (a) of this section.

Legislative History

P.L. 2023, ch. 79, art. 4, § 1, effective June 16, 2023; P.L. 2023, ch. 327, § 1, effective June 24, 2023; P.L. 2023, ch. 328, § 1, effective June 24, 2023.