The correct answer is option 2 - State.

The Seventh Schedule in the Constitution of India lists the distribution of powers between the Union (central) government and the State governments. It is divided into three lists: Union List, State List, and Concurrent List.

Option 1 - Union: This list includes subjects on which only the Union government has the power to make laws. Taxes on lands and buildings are not included in this list.

Option 2 - State: This list includes subjects on which only the State governments have the power to make laws. Taxes on lands and buildings are listed in this State List.

Option 3 - Global: This is not a relevant option as the distribution of powers in the Constitution of India is between the Union and State governments within the country.

Option 4 - Concurrent: This list includes subjects on which both the Union and State governments can make laws. Taxes on lands and buildings are not included in this Concurrent List.

Therefore, the correct answer is option 2 - State.