RI S0788 | 2023 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 10-0)
Status: Introduced on March 23 2023 - 25% progression, died in committee
Action: 2023-03-23 - Introduced, referred to Senate Finance
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Allows a municipality to set its own conveyance tax rate for residential properties sold in excess of $800,000.00 at $10 per $500. Provides collected taxes to be in a restricted account and distributed within 2 years for affordable housing.

Tracking Information

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Title

Real Estate Conveyance Tax

Sponsors


History

DateChamberAction
2023-03-23SenateIntroduced, referred to Senate Finance

Rhode Island State Sources


Bill Comments

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