Exempts from taxation the real and tangible personal property of MAP Behavioral Health Services, Inc. and MAP Development Corporation, located in the city of Providence.

Plain-English Summary

This bill would exempt two specific organizations — MAP Behavioral Health Services, Inc. and MAP Development Corporation — from paying property taxes on any real estate and physical property they own in the city of Providence. In other words, if the bill passes, these organizations would no longer owe local property taxes to the city on their buildings, land, and physical assets.

MAP Behavioral Health Services appears to be a nonprofit organization providing mental health and behavioral health services, while MAP Development Corporation is likely a related nonprofit focused on housing or community development. Tax exemptions like this are commonly granted to nonprofit organizations that provide community services, similar to exemptions already enjoyed by hospitals, churches, and other nonprofits under Rhode Island law.

The bill primarily affects two groups: the organizations themselves, who would benefit financially by not having to pay property taxes, freeing up more money for their programs and services; and the city of Providence, which would lose some property tax revenue as a result. The exact financial impact on the city depends on the total assessed value of the properties involved, which is not specified in the bill.

As of now, the bill has been referred to the House Municipal Government & Housing Committee and recommended to be held for further study, meaning it has not yet advanced toward a vote and is still in early stages of the legislative process.