RI S0037 | 2025 | Regular Session
Status
Sponsorship: Partisan Bill (Democrat 7)
Status: Introduced on January 23 2025 - 25% progression, died in committee
Action: 2025-03-04 - Committee recommended measure be held for further study
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 23 2025 - 25% progression, died in committee
Action: 2025-03-04 - Committee recommended measure be held for further study
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
TAXATION -- REAL ESTATE CONVEYANCE TAX - Allows a municipality to set its own conveyance tax rate for residential properties sold in excess of $900,000.00 at $10 per $500. Provides collected taxes to be in a restricted account and distributed within 2 years for affordable housing.
Title
Allows a municipality to set its own conveyance tax rate for residential properties sold in excess of $900,000.00 at $10 per $500. Provides collected taxes to be in a restricted account and distributed within 2 years for affordable housing.
Sponsors
| Sen. Victoria Gu [D] | Sen. Alana DiMario [D] | Sen. Melissa Murray [D] | Sen. Tiara Mack [D] |
| Sen. Meghan Kallman [D] | Sen. Jacob Bissaillon [D] | Sen. Louis Dipalma [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2025-03-04 | Senate | Committee recommended measure be held for further study |
| 2025-02-28 | Senate | Scheduled for hearing and/or consideration (03/04/2025) |
| 2025-01-23 | Senate | Introduced, referred to Senate Finance |
Subjects
Rhode Island State Sources
| Type | Source |
|---|---|
| Summary | https://status.rilegislature.gov/ |
| Text | https://webserver.rilegislature.gov/BillText25/SenateText25/S0037.pdf |
