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SB 2697

Rhode Island - Session 2026

Senate introduced 2026-03-20
Bill Details

Title: AN ACT RELATING TO TAXATION -- REAL ESTATE CONVEYANCE TAX

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
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Actions Timeline
Date Event Detail
2026-02-27 Introduced Bill introduced
2026-03-20 Status introduced
2026-03-20 Latest Action Scheduled for hearing and/or consideration (03/26/2026)
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