Rhode Island House bill in Session 2026.
Status: in_committee. Latest action: March 26, 2026.
AN ACT RELATING TO PROPERTY -- CAPACITY TO HOLD REAL ESTATE.
Precludes a legal entity from owning property whose value is over $25,000,000. If the property value exceeds $25,000,000, then the entity must divest a graduated yearly amount over the next 10 years, until value is less than $25,000,000.
| Date | Event | Detail |
|---|---|---|
| 2026-02-27 | Introduced | Bill introduced |
| 2026-03-26 | Status | in_committee |
| 2026-03-26 | Latest Action | Committee recommended measure be held for further study |