2016 -- S 2443 | |
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LC004705 | |
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STATE OF RHODE ISLAND | |
IN GENERAL ASSEMBLY | |
JANUARY SESSION, A.D. 2016 | |
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A N A C T | |
RELATING TO TAXATION - SITUS AND OWNERSHIP OF TAXABLE PROPERTY | |
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Introduced By: Senator John A. Pagliarini | |
Date Introduced: February 11, 2016 | |
Referred To: Senate Finance | |
It is enacted by the General Assembly as follows: | |
1 | SECTION 1. Section 44-4-6 of the General Laws in Chapter 44-4 entitled "Situs and |
2 | Ownership of Taxable Property" is hereby amended to read as follows: |
3 | 44-4-6. Tenant for life or years. -- Estates in the possession of a tenant for life or for a |
4 | term of ten (10) twenty (20) or more years when by the terms of his or her lease the tenant for |
5 | years is required to pay the taxes on the estate, may shall be taxed to the tenant, who, for the |
6 | purposes of taxation is deemed the owner. |
7 | SECTION 2. This act shall take effect upon passage. |
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LC004705 | |
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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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1 | This act would provide that taxes on estates in the possession of a tenant for life, or for a |
2 | term of twenty (20) or more years, would be taxed by a municipality to the tenant when the lease |
3 | requires the tenant to pay the taxes. |
4 | This act would take effect upon passage. |
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