The bill amends Section 44-3-3 of the General Laws in Chapter 44-3, which addresses property subject to taxation, by introducing a specific exemption for the real and tangible personal property of Community MusicWorks, a Rhode Island domestic nonprofit corporation located at 1326 Westminster Street in the city of Providence, on Tax Assessors Map, Plat 32, Lot 232. This act will take effect upon passage and apply retroactively to December 31, 2025, affecting the next levy issued by the city or town in which the property is located. The bill does not alter existing exemptions for other categories of property, such as those owned by the state, the United States, educational and religious organizations, or properties used for military purposes, burial grounds, and those held by charitable organizations. It also maintains provisions regarding the taxation of properties leased to non-exempt entities and the role of local ordinances in determining the applicability of exemptions.

Statutes affected:
2073: 44-3-3
2073  SUB A: 44-3-3
2073  SUB A as amended: 44-3-3