2012 -- H 8236

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LC02756

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STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2012

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A N A C T

RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION

     Introduced By: Representatives Baldelli-Hunt, Brien, DaSilva, Savage, and Phillips

     Date Introduced: May 31, 2012

     Referred To: House Finance

It is enacted by the General Assembly as follows:

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     SECTION 1. Chapter 44-3 of the General Laws entitled "Property Subject to Taxation" is

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hereby amended by adding thereto the following section:

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     44-3-64. Cities and towns -- Authorization to exempt. – Each city and town may, by

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resolution or ordinance adopted by the city or town council, exempt from valuation for taxation

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any real property situated in the city or town owned by a qualified 501(c)(3) organization, that is

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affiliated and in good standing with national congressionally chartered organization and thereby

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adheres to that organization's standards and the organization provides activities designed for

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recreational, educational, and character building purposes for children from ages six (6) to

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seventeen (17) years.

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     SECTION 2. This act shall take effect upon passage.

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LC02756

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N A C T

RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION

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     This act would authorize cities and towns to exempt from valuation from taxation any

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real property owned by a qualified 501(c)(3) organization which is affiliated and in good standing

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with a national congressionally chartered organization providing recreational, educational and

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character building activities for children from ages six (6) to seventeen (17).

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     This act would take effect upon passage.

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LC02756

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