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SB 341

AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION

2025 Regular Session Introduced by Pete Appollonio and 9 co-sponsors

SB 341 modifies Rhode Island property tax classification, currently held for further study after committee review in May 2025.

05/20/2025 Committee recommended measure be held for further study
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Bill Summary · SB 341

Legislative bill overview

SB 341 is a Rhode Island property taxation bill that modifies which types of property are subject to state taxation. The bill was introduced in February 2025 and referred to the Senate Finance Committee, where it received a recommendation to hold for further study in May 2025. Without access to the specific legislative text, the exact modifications to taxable property classifications cannot be detailed.

Why this is important

Property tax policy directly affects residential homeowners, commercial property owners, and municipal revenue streams. Changes to what is considered taxable property can shift tax burdens between different categories of property owners and impact local government funding for schools, infrastructure, and services.

Potential points of contention

  • Tax burden redistribution – Any redefinition of taxable property will create winners and losers; some property classes may face increased assessments while others receive relief, raising fairness concerns
  • Municipal revenue impact – Cities and towns rely on property tax revenue; exempting or reclassifying properties could reduce municipal budgets unless offset by other revenue sources
  • Implementation complexity – Changing property classification systems requires assessment office coordination, updated valuation methods, and potential reassessment of existing properties

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

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