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RI H5285

Bill

Status

Introduced

1/31/2025

Primary Sponsor

David Morales

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

Legislative Description

Authorizes a host city or town to impose a two percent (2%) tax on the endowment of a private institution of higher education that is in excess of one billion dollars ($1,000,000,000), to be used only for the host public school district.

Taxation

Last Action

Committee recommended measure be held for further study

5/15/2025

Committee Referrals

Finance1/31/2025

Full Bill Text

No bill text available