AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION

HB 7755 amends the state's property tax laws to exempt the real and tangible personal property of the Little Compton Game Club from taxation. This change directly affects the Little Compton Game Club by removing its assets from the property tax rolls. The bill achieves this by adding a specific entry to the list of property exemptions found in the General Laws. Once signed into law, the club will no longer be required to pay property taxes on its owned real estate and personal items.