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 taxation. It includes exemptions for properties owned by the state, federal government, educational and religious organizations, as well as properties used for military purposes, public schools, and libraries. The bill also specifies exemptions for volunteer fire companies, veterans' associations, manufacturing machinery, hydroelectric power-generation equipment, and tangible personal property used for recycling or hazardous waste treatment.

Additionally, the bill introduces a specific exemption for the real and tangible personal property of the Blackstone Valley Advocacy Center, a Rhode Island domestic nonprofit corporation, located in the city of Pawtucket, at the addresses 727 Central Avenue, Plat 11, Lot 764, and 1202 Newport Avenue, Plat 11, Lot 790. The act is intended to provide tax relief for this nonprofit organization and is set to take effect immediately upon passage.

Statutes affected:
6348: 44-3-3