The bill amends Section 44-3-3 of the General Laws in Chapter 44-3, which addresses property subject to taxation, by adding a specific exemption for the real and tangible personal property of PROJECT Weber/RENEW, a Rhode Island domestic nonprofit corporation. This exemption is contingent upon the organization qualifying as a tax-exempt corporation under 26 USC 501(c)(3) of the Internal Revenue Code. The act is set to take effect upon passage.

Statutes affected:
191: 44-3-3