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RI S2087
Bill
Status
1/16/2026
Primary Sponsor
Jonathon Acosta
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AI Summary
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Adds municipal detention facility corporations (created under § 45-54-1) to the list of tax-exempt properties eligible for state payment-in-lieu-of-taxes (PILOT) funding
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Requires the General Assembly to annually appropriate 27% of the property taxes that would have been collected on these facilities to the host municipality
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Existing eligible properties include private nonprofit colleges/universities, the Pokanoket Tribe Land Trust, nonprofit hospitals, and state-operated hospitals, veterans' facilities, and correctional facilities with over 100 residents
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Takes effect upon passage
Legislative Description
Includes municipal detention facility corporations as exempt from taxation, and requires that an amount equal to 27% of all tax that would have been collected if the property was taxable be paid to the municipality annually.
Towns And Cities
Last Action
Introduced, referred to Senate Finance
1/16/2026