RI H7257 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 10-0)
Status: Introduced on January 19 2024 - 25% progression
Action: 2024-04-23 - Committee recommended measure be held for further study
Pending: House Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 19 2024 - 25% progression
Action: 2024-04-23 - Committee recommended measure be held for further study
Pending: House Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
TAXATION -- REAL ESTATE CONVEYANCE TAX - Increases conveyance tax for residential properties sold above $2,000,000 to a rate of $3.30 per $500, to be collected for RI housing for elderly affordable housing development. Provides and exemption to any entity developing elderly affordable housing.
Title
Increases conveyance tax for residential properties sold above $2,000,000 to a rate of $3.30 per $500, to be collected for RI housing for elderly affordable housing development. Provides and exemption to any entity developing elderly affordable housing.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-04-23 | House | Committee recommended measure be held for further study |
| 2024-04-18 | House | Scheduled for hearing and/or consideration (04/23/2024) |
| 2024-01-19 | House | Introduced, referred to House Finance |
Subjects
Rhode Island State Sources
| Type | Source |
|---|---|
| Summary | https://status.rilegislature.gov/ |
| Text | https://webserver.rilegislature.gov/BillText24/HouseText24/H7257.pdf |
