Rhode Island S2087 exempts municipal detention facility corporations from taxation and requires annual appropriations to municipalities.

Rhode Island S2087 amends state law to include municipal detention facility corporations as exempt from taxation. The bill mandates that the general assembly annually appropriates an amount equal to 27% of the tax that would have been collected if the property was taxable, to be paid to the municipality where the property is located. This act takes effect upon passage.

Rhode Island S2087 exempts municipal detention facility corporations from taxation and requires annual appropriations to municipalities.

Rhode Island S2087 amends state law to include municipal detention facility corporations as exempt from taxation. The bill mandates that the general assembly annually appropriates an amount equal to 27% of the tax that would have been collected if the property was taxable, to be paid to the municipality where the property is located. This act takes effect upon passage.