States / Rhode Island / HB 5402
HB 5402 Failed
AN ACT RELATING TO TAXATION -- BUSINESS CORPORATION TAX -- AFFORDABLE HOUSING TAX CREDIT ACT
Introduced
In Committee
Floor
Crossed Over
Passed
Enacted
Creates business tax credit for, eliminates sale tax on, eliminates income tax on the sale of, and creates a 10 year tax valuation freeze on newly renovated affordable housing.
- Chamber
- House
- Introduced
- Feb 7, 2025
- Last action
- May 13, 2025 — 05/13/2025 Committee recommended measure be held for further study
- Sponsor
- Bob Quattrocchi R
- Session
- 2025
- Momentum
- 5 · Stalled