The bill amends Section 44-3-3 of the General Laws in Chapter 44-3, which addresses property subject to taxation, by specifying exemptions for certain properties. It introduces a new 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, specifically for properties identified as 727 Central Avenue, Plat 11, Lot 764, and 1202 Newport Avenue, Plat 11, Lot 790. The bill also removes a previous provision related to the Pokanoket Management Group.

Additionally, the bill clarifies existing exemptions for properties owned by the state, federal government, educational and religious organizations, military purposes, burial grounds, and charitable organizations. It establishes that real and personal property leased to non-exempt entities will be taxed to the tenant and emphasizes the need for local agreements regarding certain exemptions, particularly for nonprofit colleges or universities in Smithfield.

The act will take effect upon passage.

Statutes affected:
7373: 44-3-3