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RI S2361

Bill

Status

Introduced

2/12/2024

Primary Sponsor

Victoria Gu

Click for details

Origin

Senate

2024 Regular Session

AI Summary

Legislative Description

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.

Taxation

Last Action

Committee recommended measure be held for further study

4/30/2024

Committee Referrals

Finance2/12/2024

Full Bill Text

No bill text available