AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION

SB 191 exempts the real and tangible personal property of PROJECT Weber/RENEW, a Rhode Island nonprofit corporation, from state property taxation. The bill amends Rhode Island's tax code to add this specific organization to the list of entities eligible for property tax exemptions under Section 44-3-3. This change directly affects PROJECT Weber/RENEW by removing property tax obligations on its qualifying assets, without altering broader tax policies or creating new exemption categories. The exemption applies to all property owned by the nonprofit, as specified in the amended statute.