AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION

SB 2073 exempts Community MusicWorks' real and tangible personal property (such as buildings and equipment) in Providence from local property taxes. This targeted exemption adds the nonprofit arts organization to Rhode Island's list of tax-exempt entities under Chapter 44-3. The bill amends existing tax law to specifically include Community MusicWorks, directly affecting its property tax obligations. The change applies only to this organization and its physical assets in Providence.