Exempts from taxation the real and tangible personal property of the Little Compton Game Club.
Impact
The enactment of HB 7755 would change the taxation landscape for the Little Compton Game Club, significantly relieving it of previously applicable property taxes. This reflects a broader trend in which state legislation can provide tailored tax relief to specific organizations that may contribute to community benefits through recreational or conservation efforts. As such, the bill could set a precedent for other similar organizations seeking tax exemptions.
Summary
House Bill 7755 proposes to exempt the real and tangible personal property of the Little Compton Game Club from taxation. This legislation addresses specific property types and organizations by amending existing state tax laws related to property subject to taxation. The purpose of the bill is to provide financial relief to the Little Compton Game Club and support its operational viability.
Contention
Despite its benefits, the bill may face scrutiny and opposition regarding the equity of tax exemptions. Critics could argue that providing tax breaks for specific organizations, like the Little Compton Game Club, could unfairly shift the tax burden to other taxpayers or entities and diminish revenue for local governments. Concerns over favoritism or unequal treatment of similar entities wishing to secure tax exemption may also be raised during discussions.
Voting_history
The bill received strong support, passing with a vote tally of 66 in favor and none against. This unanimous decision indicates a significant level of agreement among legislators regarding the merits of the bill, though it does not eliminate potential scrutiny from constituents or advocacy groups concerned with tax equity.
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 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 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.