The bill amends Section 45-13-5.1 of the General Laws in Chapter 45-13, titled "State Aid," to include municipal detention facility corporations as entities exempt from property tax under state law. It mandates that the General Assembly annually appropriates a sum equal to twenty-seven percent (27%) of the local real property tax that would have been collected on real property owned by these exempt entities. This appropriation is intended to be paid to the cities and towns where the properties are located.

The bill specifies that no city or town can record both taxes or payments from a for-profit hospital facility and distributions from this appropriation related to the prior nonprofit status of that facility in the same fiscal year. Additionally, it emphasizes that the payments to municipalities will be reduced proportionately if the total annual appropriation is insufficient. The act will take effect upon passage.

Statutes affected:
2087: 45-13-5.1