This bill makes several amendments to the General Laws regarding property taxation in Rhode Island. It adds new provisions to exempt certain properties from taxation, including property belonging to the state, lands ceded or belonging to the United States, and real estate used exclusively for military purposes. It also exempts buildings for free public schools, buildings for religious worship, and the land upon which they stand, as well as dwellings owned by religious organizations and intangible personal property owned by religious or charitable organizations.

The bill also amends the definition of "manufacturer" for tax purposes, excluding certain types of businesses such as public utilities and building contractors. It provides exemptions for certain types of property, including manufacturing machinery and equipment, pollution control facilities, and hydroelectric power-generation equipment. Additionally, the bill adds new exemptions for tangible personal property used for recycling or treating hazardous waste, motorboats, and property used for educational and recreational purposes for children.

Statutes affected:
6013: 44-3-3