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RI S2557
Bill
Status
2/13/2026
Primary Sponsor
Andrew Dimitri
Click for details
AI Summary
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Creates a new property tax exemption for single-family homes used as primary residences by owners who are at least 65 years old and have been Rhode Island residents for at least 40 years
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Condominiums and other residential units qualify for the exemption if used as the owner's primary residence
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Multi-family properties and income-producing properties are explicitly excluded from the exemption
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Amends Rhode Island General Laws Section 44-3-3 governing property exempt from taxation
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Takes effect immediately upon passage
Legislative Description
Exempts a single-family, primary residence, owned by a taxpayer, who is at least sixty-five (65) years old, and has been a Rhode Island resident for at least forty (40) years. It also excludes multi-family and income-producing properties.
Taxation
Last Action
Introduced, referred to Senate Finance
2/13/2026