Bill > S0191

This bill exempts the real and tangible personal property of PROJECT Weber/RENEW, a Rhode Island domestic nonprofit corporation, from taxation, provided that the organization is qualified as a tax-exempt corporation under Section 501(c)(3) of the Internal Revenue Code. The bill amends an existing section of Rhode Island tax law (Section 44-3-3) that lists various types of property exempt from taxation, adding PROJECT Weber/RENEW to this list. This means that the organization will not have to pay property taxes on its real estate and personal property, similar to other nonprofit organizations already listed in the tax code. The exemption would take effect immediately upon the bill's passage, which is standard for this type of local tax legislation.

Budget and Finance

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