§ 44-4-4.1 - State property taxed to lessee or tenant. - Rhode Island Statutes

SECTION 44-4-4.1

   § 44-4-4.1  State property taxed to lesseeor tenant. – Any property owned by the state, except land and piers but including any otherreal property, buildings, improvements, and tangible personal property attachedto, contained in, or used in connection with the property, which is leased orrented for a term of ten (10) or more years, including any options to renew orextend the term, shall be taxed to the person, partnership, corporation, jointstock company, or association leasing or renting the property, who, for thepurposes of taxation is deemed the owner of the property; but excluding:

   (1) Property acquired by the state from the United Statespursuant to 49 U.S.C. § 47151 et seq., and managed for it by the RhodeIsland economic development corporation;

   (2) State property which is leased by any corporation,association, or organization which is exempt from property taxation;

   (3) State property which is leased for purposes of nonprofitpublic use or service;

   (4) Portions of buildings which are owned by the state, theportions being of a size, shape, or other unique character which makes themimpossible to measure or separate for purposes of taxation; and

   (5) State property leased for purposes which are necessary tothe operation of an airport.