Exempts from taxation the real and tangible personal property of Blackstone Valley Advocacy Center located in the city of Pawtucket.
Impact
If enacted, H6348 would remove tax burdens associated with property owned by the Blackstone Valley Advocacy Center, allowing it to allocate more resources towards its advocacy and community programs. Such exemptions are intended to enhance the operational capabilities of nonprofits by reducing their costs, thereby potentially improving their service offerings to local residents. This shift in taxation policy represents a targeted approach to encourage the growth of social services in the area.
Summary
House Bill H6348 seeks to exempt the real and tangible personal property of the Blackstone Valley Advocacy Center, located in Pawtucket, from taxation. The bill proposes an amendment to Section 44-3-3 of the General Laws regarding property subject to taxation, specifically targeting properties utilized by nonprofit organizations. By doing so, it aligns with the broader legislative goal of supporting nonprofit activities that benefit the community.
Contention
As with many tax exemption bills, H6348 may face scrutiny regarding fairness and financial implications for municipal budgets. Opponents could argue that while supporting nonprofits is commendable, exempting properties from taxes reduces local revenue, impacting funding for schools, public safety, and infrastructure. The legislative discussions might center on balancing the needs of the community organizations with the necessity for municipalities to maintain financial health through adequate tax revenue.
Exempts the Center for Mediation and Collaboration Rhode Island from taxation of the real property and tangible personal property located at 831 Bald Hill Road in the city of Warwick.
Exempts the Center for Mediation and Collaboration Rhode Island from taxation of the real property and tangible personal property located at 831 Bald Hill Road in the city of Warwick.
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 real and tangible personal property of St. Elizabeth's Home, a Rhode Island domestic nonprofit corporation, located in East Greenwich, Warwick, and 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.
Exempts from taxation the real and tangible personal property of the Johnnycake Center Realty Corporation, a domestic nonprofit corporation, located in South Kingstown.