Removes the state-owned property from property exempt from local property taxes.

Plain-English Summary

This bill would change how state-owned property is treated under Rhode Island's tax law. Currently, property owned by the state government is automatically exempt from local property taxes — meaning cities and towns cannot collect tax revenue on land or buildings that belong to the state. This bill would remove that exemption, making state-owned property subject to the same local property taxes that apply to other property owners.

The change would directly affect cities and towns across Rhode Island that currently have state-owned properties within their borders — such as state office buildings, facilities, or land. Under this bill, those municipalities could potentially collect tax revenue on that property, which could mean more money flowing into local budgets. At the same time, the state government itself would face new costs, since it would now owe property taxes to the localities where it owns land or buildings.

It is worth noting that this bill has been introduced and referred to the House Finance Committee, meaning it is still in the early stages of the legislative process and has not yet been voted on or passed into law.