Rhode Island Senate bill in Session 2026.
Status: in_committee. Latest action: May 12, 2026.
AN ACT RELATING TO TAXATION -- TAX ON GAINS FROM THE SALE OR EXCHANGE OF REAL PROPERTY.
Creates new tax on gains from sale or exchange of real property held for short periods of time, 6 years or less, establishes a comprehensive framework to calculate and implement enforcement and provides imprisonment and/or fines for those who evade taxes.
| Date | Event | Detail |
|---|---|---|
| 2026-02-13 | Introduced | Bill introduced |
| 2026-05-12 | Status | in_committee |
| 2026-05-12 | Latest Action | Committee heard |