SB 2902

Rhode Island Senate bill in Session 2026.

Status: in_committee. Latest action: April 16, 2026.

AN ACT RELATING TO PROPERTY -- CAPACITY TO HOLD REAL ESTATE.

Bill ID RI-2026-SB-2902
Session 2026
Status in_committee
Senate in_committee 2026-04-16
Summary

Precludes a legal entity from owning property whose value is over $25,000,000. If the property value exceeds $25,000,000, then the entity must divest a graduated yearly amount over the next 10 years, until value is less than $25,000,000.

Sponsor
Kallman
Official Source Back to Bills
Actions Timeline
Date Event Detail
2026-03-04 Introduced Bill introduced
2026-04-16 Status in_committee
2026-04-16 Latest Action Committee recommended measure be held for further study
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