Exempts the tangible personal property of Northwest Community Health Care d/b/a WellOne Primary Medical and Dental Care from taxation.
Impact
The impact of S2552 on state laws is primarily in the realm of taxation, where it extends specific property tax exemptions to a healthcare provider. This means that tangible personal property owned by Northwest Community Health Care will not be subject to property tax, promoting the organization's operational stability and potentially fostering growth and enhanced service delivery. The bill reflects an important aspect of health policy and tax law, showcasing the state's commitment to supporting nonprofit health services.
Summary
Bill S2552 specifically exempts the tangible personal property of Northwest Community Health Care, which operates as WellOne Primary Medical and Dental Care, from taxation. This enactment focuses on providing financial relief for the healthcare organization, potentially allowing them to allocate more resources towards patient care and service enhancements. By reducing the tax burden on WellOne Primary Medical and Dental Care, the state aims to bolster healthcare services in the community, particularly to populations needing medical and dental assistance.
Contention
Notable points of contention may arise regarding the fairness and equity of providing tax exemptions specifically to one entity while others may not have similar benefits. Critics could argue that such exemptions set a precedent for preferential treatment under tax law. Concerns may surface about the long-term fiscal implications for local governments that rely on property taxes for revenue, as well as questions about transparency and the criteria used to determine eligibility for such exemptions.
Exempts from taxation the real and tangible personal property of the Johnnycake Center Realty Corporation, a domestic nonprofit corporation, located in South Kingstown.
Exempts from taxation the real and tangible personal property of the Johnnycake Center Realty Corporation, a domestic nonprofit corporation, located in South Kingstown.
Exempts from taxation the non-commercial real and tangible personal property of Southside Community Land Trust, a Rhode Island domestic nonprofit corporation, located in Providence, Rhode Island.
Exempts from taxation the non-commercial real and tangible personal property of Southside Community Land Trust, a Rhode Island domestic nonprofit corporation, located in Providence, Rhode Island.