Rhode Island HB 5049: AN ACT RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES (Places a cap of twenty percent (20%) on increases in consecutive revaluations of real property in all cities and towns conducting revaluations commencing December 31, 2023, and every December 31 thereafter.)

Status: 03/16/2023 Committee recommended measure be held for further study (as of 2023-03-16)

State: Rhode Island · Session: 2023 · Bill: HB 5049

Subjects: Cities & Towns, Finance, Property, Real Estate, Taxation

Sponsors: Batista, Cardillo, Corvese, Costantino, Noret, Perez, Vella-Wilkinson

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