Sen Murray’s tangible property tax bill is now law

PROVIDENCE – The new tangible property tax exemption sponsored by Sen. Melissa A. Murray is now law.

The legislation (2023-S 0928A), approved by the General Assembly June 15 and signed into law by Gov. Dan McKee late last week, exempts the first $50,000 of tangible property from the tangible personal property tax to help businesses – especially small businesses – statewide…