2026 -- S 2270

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LC003981

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2026

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A N   A C T

RELATING TO TAXATION -- SITUS AND OWNERSHIP OF TAXABLE PROPERTY

     

     Introduced By: Senator V. Susan Sosnowski

     Date Introduced: January 23, 2026

     Referred To: Senate Housing & Municipal Government

     It is enacted by the General Assembly as follows:

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     SECTION 1. Section 44-4-2 of the General Laws in Chapter 44-4 entitled "Situs and

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Ownership of Taxable Property" is hereby amended to read as follows:

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     44-4-2. Buildings on leased land deemed real estate.

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     Buildings on leased land, where the leases are in writing and recorded, are, for the purposes

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of taxation, deemed real estate; provided, however, that in the town of South Kingstown, buildings

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on leased land are, for the purposes of taxation, deemed real estate and shall be taxed to the owner

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of the building as real estate, whether or not the leases are in writing or recorded.

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     SECTION 2. This act shall take effect upon passage and shall apply to any assessment of

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taxes currently under appeal at the time of enactment.

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N   A C T

RELATING TO TAXATION -- SITUS AND OWNERSHIP OF TAXABLE PROPERTY

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     This act would clarify that buildings on leased land in the town of South Kingstown shall

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be taxed as real estate whether or not the leases are in writing or recorded.

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     This act would take effect upon passage and would apply to any assessment of taxes

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currently under appeal at the time of enactment.

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