RI H5402 | 2025 | Regular Session
Status
Sponsorship: Partisan Bill (Republican 3)
Status: Introduced on February 7 2025 - 25% progression, died in committee
Action: 2025-05-13 - Committee recommended measure be held for further study
Pending: House Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 7 2025 - 25% progression, died in committee
Action: 2025-05-13 - Committee recommended measure be held for further study
Pending: House Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
TAXATION -- BUSINESS CORPORATION TAX -- AFFORDABLE HOUSING TAX CREDIT ACT - Creates business tax credit for, eliminates sale tax on, eliminates income tax on the sale of, and creates a 10 year tax valuation freeze on newly renovated affordable housing.
Title
Creates business tax credit for, eliminates sale tax on, eliminates income tax on the sale of, and creates a 10 year tax valuation freeze on newly renovated affordable housing.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2025-05-13 | House | Committee recommended measure be held for further study |
| 2025-05-09 | House | Scheduled for hearing and/or consideration (05/13/2025) |
| 2025-02-07 | House | Introduced, referred to House Finance |
Subjects
Taxation
TAXATION -- BUSINESS CORPORATION TAX
TAXATION -- BUSINESS CORPORATION TAX -- AFFORDABLE HOUSING TAX CREDIT ACT
TAXATION -- BUSINESS CORPORATION TAX
TAXATION -- BUSINESS CORPORATION TAX -- AFFORDABLE HOUSING TAX CREDIT ACT
Rhode Island State Sources
| Type | Source |
|---|---|
| Summary | https://status.rilegislature.gov/ |
| Text | https://webserver.rilegislature.gov/BillText25/HouseText25/H5402.pdf |
