Rhode IslandAN ACT RELATING TO TAXATION -- REAL ESTATE CONVEYANCE TAX
What it does
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.
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
- 2025
- Mar 403/04/2025 Committee recommended measure be held for further studyLatest
- Feb 2802/28/2025 Scheduled for hearing and/or consideration (03/04/2025)
- Jan 2301/23/2025 Introduced, referred to Senate FinanceIntroduced