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, created pursuant to 45-54-1, as entities eligible for tax exemption under state law. Consequently, the General Assembly is required to annually appropriate a sum equal to twenty-seven percent (27%) of the local real property tax that would have been collected on these properties if they were taxable. This adjustment aims to ensure that municipalities receive financial support for properties that are exempt from taxation.

The act takes effect upon passage.

Statutes affected:
5782: 45-13-5.1