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SB 2232

Rhode Island Senate bill in Session 2026.

Status: introduced. Latest action: May 8, 2026.

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

Bill ID RI-2026-SB-2232
Session 2026
Status introduced
Senate introduced 2026-05-08
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
Gu
Official Source Back to Bills
Actions Timeline
Date Event Detail
2026-01-23 Introduced Bill introduced
2026-05-08 Status introduced
2026-05-08 Latest Action Scheduled for hearing and/or consideration (05/12/2026)
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