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RI H7568
Bill
Status
Introduced
2/6/2026
Primary Sponsor
Thomas Noret
Click for details
AI Summary
- Expands Rhode Island's existing property tax interest waiver program to include commercial properties, which was previously limited to residential properties only
- Cities and towns may enact ordinances allowing waiver of interest on one quarter's overdue property tax payment if the taxpayer has owned the property for at least 5 years and has a 5-year record of timely payments
- Maximum interest waiver remains capped at $500 per tax bill
- Taxpayers must submit a written, signed request for the waiver, and the overdue bill must have been issued within the past 2 years
- Takes effect upon passage
Legislative Description
Allows the waiver of interest on overdue taxes for commercial properties.
Taxation
Last Action
Committee recommended measure be held for further study
2/11/2026
Committee Referrals
Municipal Government & Housing2/6/2026
Full Bill Text
No bill text available