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RI H5756
Bill
Status
Introduced
2/26/2025
Primary Sponsor
Michelle McGaw
Click for details
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