The bill amends Section 44-3-3 of the General Laws in Chapter 44-3, which addresses property subject to taxation, by exempting specific properties from property taxation. It introduces a new exemption for the real and tangible personal property of the Providence Preservation Society, a Rhode Island domestic nonprofit corporation, located at 24 Meeting Street in Providence, identified on the Tax Assessor's Map as Plat 10, Lot 75. The act specifies that this exemption applies to the property of the Providence Preservation Society and takes effect on September 1, 2025.

Statutes affected:
5369: 44-3-3