SB 2697

Rhode Island Senate bill in Session 2026.

Status: in_committee. Latest action: March 26, 2026.

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

Bill ID RI-2026-SB-2697
Session 2026
Status in_committee
Senate in_committee 2026-03-26
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
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Actions Timeline
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
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