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 personal property of the Rhode Island Business Development Institute, a domestic nonprofit corporation, located at 220 Smith Street in Providence, identified on the assessor's map as Plat 67, Lot 100. This act would exempt this property from taxation. The bill takes effect upon passage.

Statutes affected:
1132: 44-3-3