· RI legislature · 2026

AN ACT RELATING TO TAXATION -- REAL ESTATE CONVEYANCE TAX

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.

Sponsor

Cherie Cruz (D-RI)

Introduced

2026-02-27

Policy area

Taxation

Latest action

02/27/2026 Introduced, referred to House Finance