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Bill > S2577


RI S2577

RI S2577
Enables the town of Portsmouth to adopt, repeal, or modify their tax classification plan for any tax year on and after December 31, 2026.


summary

Introduced
02/13/2026
In Committee
02/13/2026
Crossed Over
Passed
Dead

Introduced Session

2026 Regular Session

Bill Summary

This act would enable the town of Portsmouth to adopt, repeal, or modify their tax classification plan for any tax year on and after December 31, 2026. This act would take effect upon passage.

AI Summary

This bill allows the town of Portsmouth to create, remove, or change its tax classification plan, which is a system for dividing different types of property (like residential, commercial, or personal property) and applying different tax rates to each class. Currently, towns can adopt such plans after a property revaluation, but this bill specifically grants Portsmouth the authority to do so for any tax year starting on or after December 31, 2026, and to make future adjustments to this plan. The bill also states that it will become law as soon as it is passed.

Committee Categories

Housing and Urban Affairs

Sponsors (1)

Last Action

Introduced, referred to Senate Housing and Municipal Government (on 02/13/2026)

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