Bill > H5699

This bill exempts the real and tangible personal property of Codac, Inc., a Rhode Island nonprofit domestic corporation located at 45 Royal Little Drive in Providence, Rhode Island, from taxation. The bill amends Section 44-3-3 of the General Laws, which lists various types of property that are exempt from taxation, by adding Codac, Inc. to that list. Specifically, the bill inserts a new subsection (88) to the existing law, which details the precise location of the property (Assessor's Plat 74, Lot 402). This type of targeted tax exemption is common for nonprofit organizations that provide community services, and it can help support the organization's mission by reducing its operating costs. The exemption will take effect immediately upon the bill's passage, as specified in Section 2 of the bill.

Housing and Urban Affairs

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