Bill Texts: RI S0037 | 2025 | Regular Session

Bill 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.

Sponsorship: Partisan Bill (Democrat 7)

Status: (Introduced - Dead) 2025-03-04 - Committee recommended measure be held for further study [S0037 Detail]

Bill Drafts

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Introduced2025-01-23PDFLinkView

Amendments

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No bill amendments currently on file for Rhode Island S0037

Supplemental Documents

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No supplemental documents for Rhode Island S0037 currently on file.

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