AN ACT RELATING TO TAXATION -- SITUS AND OWNERSHIP OF TAXABLE PROPERTY (Clarifies that buildings on leased land in the town of South Kingstown shall be taxed as real estate whether or not the leases are in writing or recorded.)

S2270

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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LC003981
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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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LC003981
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