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RI H7468
Bill
Status
1/30/2026
Primary Sponsor
Scott Slater
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AI Summary
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Increases state payments to municipalities from 27% to 30% of the property taxes that would have been collected on tax-exempt properties owned by private nonprofit colleges/universities, nonprofit hospitals, and certain state facilities
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Applies to properties owned by the Pokanoket Management Group (trustee of the Pokanoket Tribe Land Trust), state hospitals, veterans' residential facilities, and correctional facilities with more than 100 residents
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Removes the provision allowing proportional reduction of payments when state budget appropriations are insufficient to cover the full amounts owed to municipalities
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Takes effect immediately upon passage
Legislative Description
Increases the amount of state aid distributed to the towns and cities through appropriation in lieu of property tax provisions applicable to certain private and state properties that are exempt from property tax.
Towns And Cities
Last Action
Introduced, referred to House Finance
1/30/2026