Rhode IslandAN ACT RELATING TO PROPERTY -- CAPACITY TO HOLD REAL ESTATE
What it does
Precludes a legal entity from owning property whose value is over $25,000,000. If the property value exceeds $25,000,000, then the entity must divest a graduated yearly amount over the next 10 years, until value is less than $25,000,000.
Where do you stand?
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Apr 1604/16/2026 Committee recommended measure be held for further studyLatest
- Apr 1004/10/2026 Scheduled for hearing and/or consideration (04/16/2026)
- Mar 403/04/2026 Introduced, referred to Senate Housing and Municipal GovernmentIntroduced