AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION

HB 5270 exempts the real and tangible personal property of the Friends of Little Compton Wellness Center, Inc. from local property taxes. This bill amends Rhode Island's property taxation law to specifically add this nonprofit organization to the list of entities eligible for tax exemption. The exemption applies to all physical assets (like buildings, land, and equipment) owned or used by the wellness center for its operations. This change directly affects only the Friends of Little Compton Wellness Center, Inc., providing them with tax relief on their property holdings. The bill passed through the legislature and became effective without the governor's signature on May 30, 2025.