The bill amends Section 44-3-3 of the General Laws in Chapter 44-3, which addresses property subject to taxation, by adding new language that specifies exemptions for certain properties. It includes a specific exemption for the real and tangible personal property of Amos House, a Rhode Island domestic nonprofit corporation, provided that the organization remains a qualified tax-exempt corporation under section 501(c)(3) of the Internal Revenue Code. The act is set to take effect upon passage.

Statutes affected:
6272: 44-3-3