Bill > H6272

This bill exempts the real and tangible personal property of Amos House, a Rhode Island domestic nonprofit corporation located in Providence, from taxation, provided that the organization maintains its status as a qualified tax-exempt corporation under Section 501(c)(3) of the Internal Revenue Code. The bill amends Section 44-3-3 of the Rhode Island General Laws, which lists various properties that are exempt from taxation, by adding Amos House to this list. This means that the property owned by Amos House will not be subject to local property taxes, as long as the organization continues to meet the federal tax-exempt requirements for charitable organizations. The exemption takes effect immediately upon the bill's passage, and it is part of a broader list of tax exemptions for nonprofit organizations in Rhode Island that serve various charitable, educational, and community purposes.

Budget and Finance, Housing and Urban Affairs

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