RI S2372 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 8-0)
Status: Introduced on February 12 2024 - 25% progression, died in committee
Action: 2024-04-30 - Committee recommended measure be held for further study
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 12 2024 - 25% progression, died in committee
Action: 2024-04-30 - Committee recommended measure be held for further study
Pending: Senate 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
| Sen. Linda Ujifusa [D] | Sen. Susan Sosnowski [D] | Sen. Samuel Zurier [D] | Sen. Frank Ciccone [D] |
| Sen. Bridget Valverde [D] | Sen. Samuel Bell [D] | Sen. Melissa Murray [D] | Sen. Victoria Gu [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2024-04-30 | Senate | Committee recommended measure be held for further study |
| 2024-04-26 | Senate | Scheduled for hearing and/or consideration (04/30/2024) |
| 2024-02-12 | Senate | Introduced, referred to Senate Finance |
Subjects
Rhode Island State Sources
| Type | Source |
|---|---|
| Summary | https://status.rilegislature.gov/ |
| Text | https://webserver.rilegislature.gov/BillText24/SenateText24/S2372.pdf |
