The bill amends Section 44-3-3 of the General Laws in Chapter 44-3, which addresses property subject to taxation, by introducing new legal language that specifies exemptions from property taxation. This act would exempt the real and tangible personal property of the Providence Preservation Society, a Rhode Island domestic nonprofit corporation, located at 24 Meeting Street in the city of Providence, on Tax Assessor's Map, Plat 10, Lot 75. The act is set to take effect on September 1, 2025.

Statutes affected:
28: 44-3-3
28  SUB A: 44-3-3