Bill > H6256

This bill repeals the property tax and sales and use tax exemptions for boats in Rhode Island. Specifically, the bill removes two existing provisions that previously exempted boats from taxation: one in Section 44-3-3 of the property tax code (which exempted "Motorboats as defined in § 46-22-2 for which the annual fee required in § 46-22-4 has been paid") and another in Section 44-18-30 of the sales and use tax code (which had previously exempted boats or vessels from sales tax under certain conditions). By removing these exemptions, the bill means that boat owners will now be required to pay both property taxes and sales taxes on boats, whereas they were previously exempt. The bill is straightforward and takes effect immediately upon passage, which means boat owners could see new tax obligations as soon as the bill becomes law.

Budget and Finance

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