The bill amends Section 44-3-3 of the General Laws in Chapter 44-3, which addresses property subject to taxation, by introducing new legal language that specifies exemptions for certain properties. It includes a specific exemption for the real and tangible personal property of Amos House, a Rhode Island domestic nonprofit corporation, provided that it remains a qualified tax-exempt organization under section 501(c)(3) of the Internal Revenue Code. The act is effective retroactively to December 31, 2025, and will affect the next property tax levy issued by the city or town in which the property is located.

Statutes affected:
3370: 44-3-3