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RI H7700
Bill
Status
2/11/2026
Primary Sponsor
Megan Cotter
Click for details
AI Summary
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Increases the maximum income eligibility threshold for property tax relief from $35,000 to $50,000 for elderly and disabled homeowners and renters
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Raises the maximum property tax credit from $600 to $850 for tax years beginning on or after January 1, 2027
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Applies to claimants whose property taxes or rent-equivalent property taxes exceed a percentage (3%-6%) of their household income, based on income level and household size
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Maintains existing annual cost-of-living adjustments tied to the Consumer Price Index (CPI-U), with amounts rounded to the nearest $5 increment
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Takes effect upon passage
Legislative Description
Increases the income range up to fifty thousand dollars ($50,000) and tax credit up to eight hundred fifty dollars ($850), for elderly and disabled persons who own or rent their homes.
Taxation
Last Action
Introduced, referred to House Finance
2/11/2026