RI Gen L § 44-5-12.1 (2021)
2021 Rhode Island General Laws|Title 44 - Taxation|Chapter 44-5 - Levy and Assessment of Local Taxes|Section 44-5-12.1 - Assessment of tangible personal property.

§ 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 testII Subscriber connection and distributionII Canneries and frozen food productionII Cement processingIII Chemical and allied productionII Clay products processingIII Cold storage and ice-making equipmentIII Cold storage warehouse equipmentII Computers, personal computers (PC), laptops, tablets, cellphones, mainframe/servers, peripherals, keyboard, mouseI Condiments, processingII Construction equipment, general construction, backhoes,  forklifts, loaders, cranes, unregistered vehiclesII Dairy products processingII Data handling equipment, except computersII printers, copiers, bridges, routers and gatewaysII DistillingII Electrical equipment not used in manufacturingII Electronic equipmentII Fabricated metal products/special toolsII Fishing equipment, excluding boats and barges, lines, netsI Food and beverage productionII Fur processingII Gas distribution, total distribution equipmentIII Glass and glass products/special toolsII Grain and grain mill products processingIII Gypsum productsIII Hand toolsII Hospital furnishings and equipment II Hotel and motel furnishings and equipmentII Jewelry products and pensII Knitwear and knit products, ex, work uniformsI Laundry equipmentII Leather and leather productsII Logging, timber cuttingII Marine constructionII MeatpackingII Medical and dental supply productionII Metalworking machinery processingII Mining and quarryingII Motion picture and television production II Motor vehicle and parts/special toolsII Office furniture and equipment II Optical lenses and instrument processingII Paints and varnishesI Petroleum refiningIII pipeline transportationIII Plastics manufacturingI/II Plastic products processing/special toolsII Primary metals production, nonferrous and foundry productsIII special toolsIII Primary steel mill products III Printing and publishingII Professional and scientific instrumentsII Radio and television, broadcastingII Railroad transportation equipment II locomotiveII Recreation and amusementII Retail trades, fixtures and equipmentII Residential furnitureII Restaurant and bar equipmentII Restaurant equipment, fast foodsII Rubber products processing/special toolsII Sawmills, permanent/portableII Service establishmentsII Ship and boat building equipment/special toolsII Soft drink processing and bottlingII Stone products processingIII Telecommunications, local and interstateII analog switchingII circuit, digital, analog, opticII information/origination equipmentI/II smart phonesI metallic cableIII fiber cable, poles, conduitIII all other equipmentII Telecommunications, cellular analog/digital switchingII radio frequency channel and controlII power equipmentII antennaeII towersIII transmission equipmentII cellular phonesI Textile products, including finishing and dyeingII yarn, thread and woven fabricsII Theater equipmentII Utilities/power productionIII generation, transmission, or distribution equipmentIII Waste reduction and resource recoveryII Water transportationIII vessels, barges and tugsIII Water utilitiesIII Wharves, docks and piersIII Wholesale trade fixtures and equipmentII Wood products and furniture manufacturingII(d) Any industry, group, or asset not enumerated in subsection (c) of this section, shall be categorized as class II.History of Section.P.L. 2006, ch. 383, § 2; P.L. 2006, ch. 434, § 2; P.L. 2018, ch. 315, § 1; P.L. 2018, ch. 352, § 1; P.L. 2021, ch. 422, § 1, effective July 17, 2021.