The bill amends Section 44-3-3 of the General Laws in Chapter 44-3, which addresses property subject to taxation, by adding specific exemptions to the types of property that are exempt from taxation. It introduces a new exemption for the real and tangible personal property of the Rhode Island Hispanic Chamber of Commerce, located at 359 Broad Street within the city of Providence, as identified on Tax Assessors Map Plat 30, Lot 683. This exemption aims to provide financial relief to the organization.

The act will take effect upon passage and will be retroactively applicable to December 31, 2025, affecting the next tax levy issued by the city or town in which the property is located.

Statutes affected:
3337: 44-3-3