The resolution proposes the establishment of a special legislative commission in Rhode Island, consisting of nine members, to study and provide recommendations for amending General Law 44-3-3. The commission will report back to the General Assembly on or before January 5, 2027, and will expire on March 5, 2027.

The commission will include three members from the House of Representatives, representatives from the Rhode Island Division of Taxation and Department of Revenue, a member from the Fraud - Special Investigation Unit, a representative from a tax-exempt nonprofit, the Executive Director of the League of Cities and Towns, and the Chief Executive Officer of the United Way.

The commission is tasked with reviewing current nonprofit tax exemptions, determining if these exemptions should be time-limited or capped, exploring the requirement for Payment in Lieu of Taxes (PILOT) agreements, and establishing objective criteria for tax-exempt status.

Members of the commission will not receive compensation for their service, and state departments are expected to provide necessary information to assist the commission in its work. The Speaker of the House will oversee the organization of the commission and fill any vacancies that arise.