(a) Notwithstanding any other provision of law to the contrary, the tax rate for the class of property that includes tangible personal property for any city, town, or fire district shall be capped and shall not exceed thereafter the tax rate in effect for the assessment date of December 31, 2022. (b) Notwithstanding any other provision of law to the contrary, for assessment dates on and after December 31, 2023, any city, town, or fire district shall be permitted to tax all other classes of property, or where no classification has been enacted all other types of property, at a different tax rate than the tax rate for tangible personal property required by subsection (a) of this section.
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