AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION

Summary

The Senate bill revises Section 44-3-3 of the state’s tax code, adding numerous categories of real and personal property that will no longer be taxed, including certain religious, educational, charitable, military, and veteran‑related holdings. It also sets special rules for specific towns such as Charlestown, Smithfield, Cranston, Burrillville, and West Greenwich, and adds exemptions for nuclear fallout shelters, aircraft that have paid a fee, and manufacturer inventory.

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