S2361 - 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.
Rhode Island - 2024 Regular Session
Introduced byVictoria Gu, Meghan E. Kallman, Tiara T. Mack
Last updated 7 months ago
8 Co-Sponsors
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
Introduced
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