Bill

Bill > S2557


RI S2557

RI S2557
Exempts a single-family, primary residence, owned by a taxpayer, who is at least sixty-five (65) years old, and has been a Rhode Island resident for at least forty (40) years. It also excludes multi-family and income-producing properties.


summary

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

Introduced Session

2026 Regular Session

Bill Summary

This act would exempt a single-family, primary residence, owned by a taxpayer, who is at least sixty-five (65) years old, and has been a Rhode Island resident for at least forty (40) years. This act would exclude multi-family and income-producing properties. This act would take effect upon passage.

AI Summary

This bill would amend Rhode Island law to create a new property tax exemption for a single-family home that serves as a taxpayer's primary residence, provided the taxpayer is at least sixty-five years old and has been a resident of Rhode Island for at least forty years; importantly, this exemption would not apply to multi-family or income-producing properties, and it would take effect upon its passage.

Committee Categories

Budget and Finance

Sponsors (10)

Last Action

Introduced, referred to Senate Finance (on 02/13/2026)

bill text


bill summary

Loading...

bill summary

Loading...

bill summary

Loading...