This bill makes several amendments to the General Laws regarding property tax exemptions in Rhode Island. It adds a new section that lists the types of property that are 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" to exclude certain businesses and provides definitions for "person." It also provides exemptions for water and air pollution control facilities, manufacturing machinery and equipment used for research and development or quality assurance, and other specific types of property. The bill adds exemptions for tangible personal property used for recycling or treatment of hazardous waste, motorboats, and renewable energy resources. It also adds Wood River Health Services, Inc. to the list of nonprofit organizations exempt from taxation and allows cities, towns, and fire districts to establish exemptions for tangible personal property within their limits.

Statutes affected:
598: 44-3-3