Rhode IslandH60902025 Regular SessionHouseWALLET

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

Sponsored By: Tina L. Spears (Democratic)

Became Law

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Bill Overview

Analyzed Economic Effects

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

Towns can raise business property tax rates

Cities and towns can adopt higher tax rates for taxable tangible personal property, such as business equipment, by ordinance. This option applies in the year after a revaluation, statistical revaluation, or update. The rate cannot exceed twice the rate for another property class. The municipality must document that the difference is needed to prevent that class’s estimated total tax levy from falling. That drop must result from the revaluation or update, and the Office of Municipal Affairs must give written approval.

Sponsors & Cosponsors

Sponsor

Tina L. Spears
Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 72 • No: 0

House vote • 6/16/2025

LEVY & ASSESSMENT LOCAL TAXES PASSAGE