· RI legislature · 2026

AN ACT RELATING TO PROPERTY -- CAPACITY TO HOLD REAL ESTATE

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.

Sponsor

Cherie Cruz (D-RI)

Introduced

2026-02-27

Policy area

Law

Latest action

03/26/2026 Committee recommended measure be held for further study