The bill amends Section 44-4-2 of the General Laws in Chapter 44-4, which pertains to the situs and ownership of taxable property. It clarifies that in the town of South Kingstown, buildings on leased land are deemed real estate for taxation purposes and shall be taxed to the owner of the building, regardless of whether the leases are in writing or recorded. This legislation aims to ensure that buildings on leased land in South Kingstown are taxed as real estate without the requirement for formal lease documentation. The act will take effect upon passage and will apply to any assessment of taxes currently under appeal at the time of enactment.

Statutes affected:
2270: 44-4-2