The bill amends Section 45-13-5.1 of the General Laws in Chapter 45-13, which pertains to state aid in lieu of property tax for certain exempt properties. It introduces new provisions that include municipal detention facility corporations as entities eligible for tax exemption under state law. Consequently, the General Assembly is mandated to annually appropriate a sum equal to twenty-seven percent (27%) of the local real property tax that would have been collected on such properties if they were taxable. This adjustment aims to ensure that municipalities receive financial support for properties that are exempt from taxation.

The bill specifies that the new provisions apply to municipal detention facility corporations created pursuant to 45-54-1, as well as other exempt private and state properties, including operated hospitals and veterans residential facilities. The act will take effect upon passage, ensuring that the new provisions are implemented promptly to support local governments financially.

Statutes affected:
32: 45-13-5.1