This bill makes several amendments to the General Laws of Rhode Island. It adds a new section that specifies property exempt from taxation, including property belonging to the state, lands ceded or belonging to the United States, and property used for military, educational, religious, and charitable purposes. The bill also allows the town of Smithfield to bill a private nonprofit college or university for certain services.

Additionally, the bill amends the definition of "manufacturer" for tax purposes, excluding certain businesses such as public utilities and building contractors. It also provides exemptions for certain types of property, including pollution control facilities, manufacturing machinery, and hydroelectric power-generation equipment.

Furthermore, the bill adds exemptions to the property tax for tangible personal property used for recycling or treating hazardous waste, motorboats that have paid the annual fee, and properties owned by non-profit organizations, religious organizations, and educational and cultural organizations. It also includes exemptions for renewable energy resources, properties used by manufacturers, and properties used for residential systems.

Statutes affected:
6094: 44-3-3