SB 2232

Rhode Island Senate bill in Session 2026.

Status: in_committee. Latest action: May 12, 2026.

AN ACT RELATING TO TAXATION -- REAL ESTATE CONVEYANCE TAX.

Bill ID RI-2026-SB-2232

Session 2026

Status in_committee

Senate in_committee 2026-05-12

Housing Tax / Budget / Appropriations

Summary

Allows a municipality to set its own conveyance tax rate for residential properties sold in excess of $900,000.00 at $10 per $500. Provides collected taxes to be in a restricted account and distributed within 2 years for affordable housing.

Sponsor

Official Source Back to Bills

Actions Timeline

Date	Event	Detail
2026-01-23	Introduced	Bill introduced
2026-05-12	Status	in_committee
2026-05-12	Latest Action	Committee heard

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