R.I. Gen. Laws § 44-5-12.1

Current through 2024 Public Law 457

Section 44-5-12.1 - Assessment of tangible personal property

(a) All tangible personal property subject to taxation shall be assessed for taxation based on the original purchase price (new or used) including all costs such as freight and installation. Assets will be classified and depreciated as defined in this section.

(b) The following classification and depreciation table shall be used in determining the assessed value of tangible personal property.

State of Rhode Island Tangible Property Classification
Class I	Class II	Class III
Class of Assets	Short Life	Mid-Life	Long Life
Age	1-5 yrs	6-12 yrs	13+ yrs
1	95	95	95
2	80	90	90
3	60	80	85
4	30	70	80
5	20	60	75
6	20	50	70
7	20	40	65
8	20	30	60
9	20	30	55
10	20	30	50
11	20	30	45
12	20	30	40
13	20	30	35
14	20	30	30
15+	20	30	30

Assets Shall Not be Trended

(c) Assets shall be classified on an annual basis by the Rhode Island Association of Assessing Officers' Personal Property Committee based on the following table:

INDUSTRY GROUP IN YEARS CLASS

Agriculture machinery and equipment II

Aircraft and all helicopters II

Amusement and theme parks II

Apparel and fabricated textile manufacturing II

Automobile repair shops II

Bakeries and confectionery production II

Barber and beauty shops II

Billboards III

Brewery equipment not used directly in manufacturing II

Cable television, headend facilities: II

Microwave systems II

Program origination II

Service and test II

Subscriber connection and distribution II

Canneries and frozen food production II

Cement processing III

Chemical and allied production II

Clay products processing III

Cold storage and ice-making equipment III

Cold storage warehouse equipmentII

Computers, personal computers (PC), laptops, tablets, cellphones,

mainframe/servers, peripherals, keyboard, mouseI

Condiments, processing II

Construction equipment, general construction, backhoes,

forklifts, loaders, cranes, unregistered vehicles II

Dairy products processing II

Data handling equipment, except computers II

printers, copiers, bridges, routers and gateways II

Distilling II

Electrical equipment not used in manufacturing II

Electronic equipment II

Fabricated metal products/special tools II

Fishing equipment, excluding boats and barges, lines, nets I

Food and beverage production II

Fur processing II

Gas distribution, total distribution equipment III

Glass and glass products/special tools II

Grain and grain mill products processing III

Gypsum products III

Hand tools II

Hospital furnishings and equipment II

Hotel and motel furnishings and equipment II

Jewelry products and pens II

Knitwear and knit products, ex, work uniforms I

Laundry equipment II

Leather and leather products II

Logging, timber cutting II

Marine construction II

Meatpacking II

Medical and dental supply production II

Metalworking machinery processing II

Mining and quarrying II

Motion picture and television production II

Motor vehicle and parts/special tools II

Office furniture and equipment II

Optical lenses and instrument processing II

Paints and varnishes I

Petroleum refining III

pipeline transportation III

Plastics manufacturing I/II

Plastic products processing/special tools II

Primary metals production, nonferrous and foundry products III

special tools III

Primary steel mill products III

Printing and publishing II

Professional and scientific instruments II

Radio and television, broadcasting II

Railroad transportation equipment II

locomotive II

Recreation and amusement II

Retail trades, fixtures and equipment II

Residential furniture II

Restaurant and bar equipment II

Restaurant equipment, fast foods II

Rubber products processing/special tools II

Sawmills, permanent/portable II

Service establishments II

Ship and boat building equipment/special tools II

Soft drink processing and bottling II

Stone products processing III

Telecommunications, local and interstate II

analog switching II

circuit, digital, analog, optic II

information/origination equipment I/II

smart phones I

metallic cable III

fiber cable, poles, conduit III

all other equipment II

Telecommunications, cellular

analog/digital switching II

radio frequency channel and control II

power equipment II

antennae II

towers III

transmission equipment II

cellular phones I

Textile products, including finishing and dyeing II

yarn, thread and woven fabrics II

Theater equipment II

Utilities/power production III

generation, transmission, or distribution equipment III

Waste reduction and resource recovery II

Water transportation III

vessels, barges and tugs III

Water utilities III

Wharves, docks and piers III

Wholesale trade fixtures and equipment II

Wood products and furniture manufacturing II

(d) Any industry, group, or asset not enumerated in subsection (c) of this section, shall be categorized as class II.

R.I. Gen. Laws § 44-5-12.1

Amended by 2021 Pub. Laws, ch. 422,§ 1, eff. 7/17/2021.

Amended by 2018 Pub. Laws, ch. 352,§ 1, eff. 7/10/2018.

Amended by 2018 Pub. Laws, ch. 315,§ 1, eff. 7/10/2018.

P.L. 2006, ch. 383, § 2; P.L. 2006, ch. 434, § 2.