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HB 8194

AN ACT RELATING TO TAXATION -- REAL ESTATE CONVEYANCE TAX

2026 Regular Session Introduced by Karen Alzate and 1 co-sponsor

Rhode Island bill proposing real estate conveyance tax modifications, withdrawn by sponsors after introduction in March 2026.

03/25/2026 Withdrawn at sponsor's request
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WeVote Research Nonpartisan
Bill Summary · HB 8194

Legislative bill overview

HB 8194 is a Rhode Island bill relating to taxation on real estate conveyances. The bill was introduced in February 2026 but was withdrawn by its sponsors in March 2026, so its specific provisions are not enacted into law.

Why is this important

Real estate conveyance taxes directly affect property transaction costs for buyers, sellers, and investors. Changes to these taxes influence housing affordability, real estate market activity, and state revenue. The withdrawal suggests sponsors reconsidered the policy approach or faced legislative opposition.

Potential points of contention

  • Housing affordability impact: Higher conveyance taxes increase closing costs, potentially reducing home purchases and affecting first-time homebuyers
  • Economic competitiveness: Real estate tax rates influence whether transactions occur in Rhode Island versus neighboring states
  • Revenue trade-offs: Balancing state fiscal needs against potential market impacts and tax avoidance behaviors

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

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