AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION

SB 28 exempts the real and tangible personal property of the Providence Preservation Society from Rhode Island property taxes. This change directly affects only the Providence Preservation Society, adding it to the existing list of organizations qualifying for tax exemptions under state law. The bill amends Section 44-3-3 of the General Laws to include the Society as a specific exempt entity, without altering other tax provisions or affecting other property owners.