States / Rhode Island / SB 2902
SB 2902 Failed
AN ACT RELATING TO PROPERTY -- CAPACITY TO HOLD REAL ESTATE
Introduced
In Committee
Floor
Crossed Over
Passed
Enacted
Precludes a legal entity from owning property whose value is over $25,000,000. If the property value exceeds $25,000,000, then the entity must divest a graduated yearly amount over the next 10 years, until value is less than $25,000,000.
- Chamber
- Senate
- Introduced
- Mar 4, 2026
- Last action
- Apr 16, 2026 — 04/16/2026 Committee recommended measure be held for further study
- Sponsor
- Bridget Valverde D
- Session
- 2026
- Momentum
- 5 · Stalled