RI H5285 | 2025 | Regular Session
Status
Spectrum: Moderate Partisan Bill (Democrat 8-2)
Status: Introduced on January 31 2025 - 25% progression
Action: 2025-01-31 - Introduced, referred to House Finance
Pending: House Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 31 2025 - 25% progression
Action: 2025-01-31 - Introduced, referred to House Finance
Pending: House Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
TAXATION -- PROPERTY SUBJECT TO TAXATION - Authorizes a host city or town to impose a two percent (2%) tax on the endowment of a private institution of higher education that is in excess of one billion dollars ($1,000,000,000), to be used only for the host public school district.
Title
Authorizes a host city or town to impose a two percent (2%) tax on the endowment of a private institution of higher education that is in excess of one billion dollars ($1,000,000,000), to be used only for the host public school district.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2025-01-31 | House | Introduced, referred to House Finance |
Subjects
Rhode Island State Sources
| Type | Source |
|---|---|
| Summary | https://status.rilegislature.gov/ |
| Text | https://webserver.rilegislature.gov/BillText25/HouseText25/H5285.pdf |
