Rhode IslandH56942025 Regular SessionHouseWALLET

AN ACT RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES .

Sponsored By: Terri Cortvriend (Democratic)

Became Law

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 1 costs, 0 mixed.

Potentially higher business personal property taxes

Rhode Island municipalities can adopt higher rates on all taxable tangible personal property by local ordinance. This option applies in the year after a revaluation, statistical revaluation, or update. The rate cannot exceed twice the rate for any other property class. Municipalities must document that the difference prevents revaluation-related tax revenue from this property class from falling below the prior year. They need written approval from the state's Office of Municipal Affairs; actual tax bills depend on local action.

Sponsors & Cosponsors

Sponsor

Terri Cortvriend
Democratic • House

Cosponsors

Lauren H. Carson
Democratic • House
Alex S. Finkelman
Democratic • House
Tina L. Spears
Democratic • House

Roll Call Votes

All Roll Calls

Yes: 63 • No: 0

House vote • 3/25/2025

LEVY & ASSESSMENT OF LOCAL TAXES PASSAGE