AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION

SB 844 exempts all real and tangible personal property owned by Friends of Little Compton Wellness Center, Inc. from local property taxes. The bill amends Rhode Island’s property tax exemption list to specifically include this nonprofit organization’s property. This change directly affects the organization by removing its property tax burden for buildings, equipment, and other assets used in its operations. The exemption applies to all property held by the organization for its wellness center activities, as defined in the amended tax code. This is a targeted tax exemption, not a broad policy change.