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SB 799

AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION

2025 Regular Session Introduced by Jake Bissaillon and 1 co-sponsor

SB 799 modifies Rhode Island property tax law to adjust which assets are subject to taxation, affecting municipal revenues and tax burden distribution statewide.

06/24/2025 Signed by Governor
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WeVote Research Nonpartisan
Bill Summary · SB 799

Legislative bill overview

SB 799 modifies Rhode Island's property tax system by adjusting which types of property are subject to taxation and potentially altering tax assessment or exemption categories. The bill was introduced by Senators Tiara Mack and Jake Bissaillon and has completed the legislative process, receiving gubernatorial approval on June 24, 2025.

Why is this important

Property tax reforms directly affect municipal revenues, homeowner costs, and business operating expenses across Rhode Island. Changes to what property is taxable can shift the tax burden between residential, commercial, and industrial sectors, influencing housing affordability and economic competitiveness in the state.

Potential points of contention

  • Municipal revenue impact: Expanding or restricting the tax base affects funding for local schools, infrastructure, and services; municipalities dependent on property tax revenue may face budget pressures
  • Equity concerns: Changes to exemptions or taxable categories may disproportionately affect low-income homeowners, renters, or specific business types depending on implementation
  • Tax burden shifting: Narrowing what's taxable increases rates on remaining properties; expanding it may affect previously exempt categories like non-profits, agricultural land, or business equipment

Compiled from official sources — confirm details with the bill’s official record.

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