Rhode Island S2270 clarifies that buildings on leased land in South Kingstown are taxed as real estate regardless of lease documentation.
Rhode Island S2270 amends the General Laws to clarify that buildings on leased land in the town of South Kingstown are taxed as real estate, regardless of whether the leases are in writing or recorded. This change applies to all buildings on leased land in South Kingstown, ensuring consistent taxation treatment. The act takes effect upon passage and applies to any tax assessments currently under appeal at the time of enactment.
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