RI H7486 | 2024 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 9-0)
Status: Introduced on February 2 2024 - 25% progression, died in committee
Action: 2024-05-14 - Committee recommended measure be held for further study
Pending: House Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

TAXATION -- PERSONAL INCOME TAX -- CAPITAL GAINS - Amends the capital gains tax rates and holding period from 5 years to 1 year. Imposes a non-owner occupied tax on homes assessed at more than $1,000,000.

Tracking Information

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Title

Amends the capital gains tax rates and holding period from 5 years to 1 year. Imposes a non-owner occupied tax on homes assessed at more than $1,000,000.

Sponsors


History

DateChamberAction
2024-05-14HouseCommittee recommended measure be held for further study
2024-05-10HouseScheduled for hearing (05/14/2024)
2024-02-02HouseIntroduced, referred to House Finance

Subjects


Rhode Island State Sources


Bill Comments

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