RI H7681 | 2024 | Regular Session
Status
Spectrum: Moderate Partisan Bill (Republican 5-1)
Status: Introduced on February 15 2024 - 25% progression, died in committee
Action: 2024-04-23 - Committee recommended measure be held for further study
Pending: House Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 15 2024 - 25% progression, died in committee
Action: 2024-04-23 - 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
| Rep. David Place [R] | Rep. George Nardone [R] | Rep. Michael Chippendale [R] | Rep. Brian Rea [R] |
| Rep. Jon Brien [D] | Rep. Brian Newberry [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2024-04-23 | House | Committee recommended measure be held for further study |
| 2024-04-18 | House | Scheduled for hearing and/or consideration (04/23/2024) |
| 2024-02-15 | 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/BillText24/HouseText24/H7681.pdf |
