AN ACT RELATING TO TAXATION -- TAX ON GAINS FROM THE SALE OR EXCHANGE OF REAL PROPERTY

Introduced

In Committee

Floor

Crossed Over

Passed

Enacted

Overview Bill text 1 History 3 Sponsors 6

Creates new tax on gains from sale or exchange of real property held for short periods of time, 6 years or less, establishes a comprehensive framework to calculate and implement enforcement and provides imprisonment and/or fines for those who evade taxes.

Chamber: Senate
Introduced: Feb 13, 2026
Last action: May 12, 2026 — 05/12/2026 Committee heard
Sponsor: Tiara Mack D
Session: 2026
Momentum: 37 · Low

PASSAGE PROBABILITY

1% Unlikely

Why this number

Stage base In Committee — base rate 11%, measured from RI's completed sessions
Momentum -3 37/100 from the pace of recorded action
Time since last action -22 151 days quiet
Cosponsors +7 5 signed on
Sponsor influence +2 68/100

A transparent scoring model over stage, momentum, recency, sponsorship and recorded votes — not a trained predictor. Treat it as a way to rank attention, not as a forecast.