The bill amends Section 44-25-1 of the General Laws concerning the Real Estate Conveyance Tax. It introduces a requirement that when real property or an interest therein is conveyed and is located in more than one municipality, the tax imposed on the transaction shall be allocated between or among those municipalities in proportions to the assessed value of the real property located in each municipality. The tax shall be paid to the same municipalities at the same time. The act is set to take effect upon passage.

Statutes affected:
8332: 44-25-1