AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION

SB 2588 amends Rhode Island's property tax laws to specifically exempt the real and tangible personal property of the Little Compton Game Club from taxation. This change directly affects the Little Compton Game Club by ensuring its assets are not subject to property taxes. The bill achieves this by adding the club to the list of entities eligible for property tax exemptions under Section 44-3-3 of the General Laws. The legislation became effective on May 30, 2024, without requiring the governor's signature.