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RI H5756

Bill

Status

Introduced

2/26/2025

Primary Sponsor

Michelle McGaw

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Origin

House of Representatives

2025 Regular Session

AI Summary

Legislative Description

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.

Taxation

Last Action

Committee recommended measure be held for further study

5/13/2025

Committee Referrals

Finance2/26/2025

Full Bill Text

No bill text available