Rhode Island General Laws
Chapter 45-13 - State Aid
Section 45-13-14. - Adjustments to tax levy, assessed value, and full value when computing state aid.

§ 45-13-14. Adjustments to tax levy, assessed value, and full value when computing state aid.
(a) Whenever the director of revenue computes the relative wealth of municipalities for the purpose of distributing state aid in accordance with title 16 and the provisions of § 45-13-12, he or she shall base it on the full value of all property except:
(1) That exempted from taxation by acts of the general assembly and reimbursed under § 45-13-5.1, which shall have its value calculated as if the payment in lieu of tax revenues received pursuant to § 45-13-5.1, has resulted from a tax levy;
(2) That whose tax levy or assessed value is based on a tax treaty agreement authorized by a special public law or by reason of agreements between a municipality and the economic development corporation in accordance with § 42-64-20 prior to May 15, 2005, which shall not have its value included;
(3) That whose tax levy or assessed value is based on tax treaty agreements or tax stabilization agreements in force prior to May 15, 2005, which shall not have its value included;
(4) That which is subject to a payment in lieu of tax agreement in force prior to May 15, 2005;
(5) Any other property exempt from taxation under state law;
(6) Any property subject to chapter 27 of title 44, taxation of Farm, Forest, and Open Space Land; or
(7) Any property exempt from taxation, in whole or in part, under the provisions of subsections (a)(51), (a)(66), or (c) of § 44-3-3, § 44-3-47, § 44-3-65, or any other provision of law that enables a city, town, or fire district to establish a tangible personal property exemption, which shall have its value calculated as the full value of the property minus the exemption amount.
(b) The tax levy of each municipality and fire district shall be adjusted for any real estate and personal property exempt from taxation by act of the general assembly by the amount of payment in lieu of property tax revenue anticipated to be received pursuant to § 45-13-5.1 relating to property tax from certain exempt private and state properties, and for any property subject to any payment in lieu of tax agreements, any tax treaty agreements or tax stabilization agreements in force after May 15, 2005, by the amount of the payment in lieu of taxes pursuant to such agreements.
(c) Fire district tax levies within a city or town shall be included as part of the total levy attributable to that city or town.
(d) The changes as required by subsections (a) through (c) of this section shall be incorporated into the computation of entitlements effective for distribution in fiscal year 2007-2008 and thereafter.
History of Section.P.L. 2005, ch. 117, art. 11, § 3; P.L. 2008, ch. 98, § 59; P.L. 2008, ch. 145, § 59; P.L. 2022, ch. 231, art. 6, § 13, effective June 27, 2022.

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