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 House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- May 1305/13/2025 Committee recommended measure be held for further studyLatest
- May 905/09/2025 Scheduled for hearing and/or consideration (05/13/2025)
- Feb 2602/26/2025 Introduced, referred to House FinanceIntroduced