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RI S2552
Bill
Status
2/13/2026
Primary Sponsor
Stefano Famiglietti
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AI Summary
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Increases state payments to municipalities from 27% to 30% of property taxes that would otherwise be collected on tax-exempt properties
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Applies to real property owned by private nonprofit higher education institutions, the Pokanoket Tribe Land Trust, nonprofit hospitals, and state-operated hospitals, veterans' facilities, or correctional facilities with more than 100 residents
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Removes the provision allowing proportionate reduction of payments when state budget appropriations are insufficient to cover full amounts owed to municipalities
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Takes effect 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 Senate Finance
2/13/2026