Rhode Island SB 788: 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 $800,000.00 at $10 per $500. Provides collected taxes to be in a restricted account and distributed within 2 years for affordable housing.)

Status: 03/23/2023 Introduced, referred to Senate Finance (as of 2023-03-23)

State: Rhode Island · Session: 2023 · Bill: SB 788

Subjects: Cities & Towns, Housing, Real Estate, Restricted Receipts, Taxation

Sponsors: Acosta, Burke, DiMario, Gu, Kallman, Lauria, Mack, Miller, Valverde, Zurier

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