The bill amends Section 44-3-3 of the General Laws in Chapter 44-3, which addresses property subject to taxation. It removes the provision that exempts state-owned property from local property taxes, thereby increasing the tax base for local governments. The act specifies that property belonging to the state is no longer exempt from taxation, aligning with the intent to ensure that state-owned properties contribute to local tax revenues. The bill is set to take effect upon passage.

Statutes affected:
7701: 44-3-3