R.I. Gen. Laws § 44-4-4.2 — Leasehold improvements taxed to tenant of quasi-public corporation

Commencing with taxes assessed on December 31, 2001, whenever real property is owned
by a quasi-public corporation and leased to a tenant which is engaged in any business
for profit, and that property is located at an airport terminal building with more
than ten thousand (10,000) air carrier aircraft operations annually, any tax on leasehold
improvements shall be paid by the tenant, who, for the purposes of taxation, shall
be deemed to be the owner of the leasehold improvements, regardless of whether the
improvements become state property, unless the improvements or the tenant or subtenant
are otherwise exempt from taxation.