This act would have a direct implications for state laws regarding tax exemptions for nonprofit organizations. By exempting the Little Flower Home from property taxes, the bill signifies the state’s commitment to supporting charitable organizations that play crucial roles in community welfare. The exemption could provide significant financial relief for such organizations, allowing them to redirect funds originally earmarked for taxes to further their charitable missions.
Summary
S0983, titled 'Property Subject To Taxation', is a legislative act that seeks to amend existing laws regarding property taxation in Rhode Island, specifically focused on exempting certain properties from taxation. The bill introduces provisions for the exemption of the real and personal property of the Little Flower Home, a nonprofit organization located in Tiverton. By carving out an exception in property tax laws for this organization, the bill aims to support charitable entities that provide community services such as housing and healthcare.
Contention
Notable points of contention surrounding S0983 include discussions on the fairness of property tax exemptions. Critics may argue that such exemptions could lead to fiscal burdens on other taxpayers or that they set a precedent for further exemptions that could complicate the taxation system. Proponents, however, advocate that supporting nonprofits through tax relief fosters greater community engagement and welfare services, thus benefiting society as a whole.
Exempts from taxation the real and tangible personal property of Rhode Island Coalition Against Domestic Violence, a Rhode Island domestic nonprofit corporation, located in Warwick, Rhode Island.
Exempts from taxation the real and tangible personal property of Wildlife Rehabilitators Association of Rhode Island (Wildlife Clinic of Rhode Island), a Rhode Island domestic nonprofit corporation, located in North Kingstown, 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 Wildlife Rehabilitators Association of Rhode Island (Wildlife Clinic of Rhode Island), a Rhode Island domestic nonprofit corporation, located in North Kingstown, Rhode Island.