States / Rhode Island / SB 2697
SB 2697 Failed
AN ACT RELATING TO TAXATION -- REAL ESTATE CONVEYANCE TAX
Introduced
In Committee
Floor
Crossed Over
Passed
Enacted
Allows a municipality to set its own conveyance tax rate for residential properties sold in excess of $900,000.00 at $10 per $500. Provides collected taxes to be in a restricted account and distributed within 2 years for affordable housing.
- Chamber
- Senate
- Introduced
- Feb 27, 2026
- Last action
- Mar 26, 2026 — 03/26/2026 Committee recommended measure be held for further study
- Sponsor
- John Burke D
- Session
- 2026
- Momentum
- 5 · Stalled