Rhode Island · 2025 Regular Session · Bill
HB 5756: AN ACT RELATING TO TAXATION -- REAL ESTATE CONVEYANCE TAX
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
HB 5756 is a bill introduced in the Rhode Island House on February 26, 2025. According to its official title, it concerns: AN ACT RELATING TO TAXATION -- REAL ESTATE CONVEYANCE TAX. Primary sponsor: Tina Spears (Democratic), Terri Cortvriend (Democratic), Megan Cotter (Democratic), Kathleen Fogarty (Democratic), Teresa Tanzi (Democratic), Edith Ajello (Democratic), June Speakman (Democratic), Jennifer Boylan (Democratic), Michelle McGaw (Democratic). Most recent recorded action (May 13, 2025): 05/13/2025 Committee recommended measure be held for further study.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Allows a municipality to set its own conveyance tax rate for residential properties sold in excess of $900,000.00 at $10 per $500. Provides collected taxes to be in a restricted account and distributed within 2 years for affordable housing.
Sponsors
Sponsors by party (alphabetical): Democratic 9
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Tina Spears | Primary sponsor | Democratic | House | 36 |
| Terri Cortvriend | Primary sponsor | Democratic | House | 72 |
| Megan Cotter | Primary sponsor | Democratic | House | 39 |
| Kathleen Fogarty | Primary sponsor | Democratic | House | 35 |
| Teresa Tanzi | Primary sponsor | Democratic | House | 34 |
| Edith Ajello | Primary sponsor | Democratic | House | 1 |
| June Speakman | Primary sponsor | Democratic | House | 68 |
| Jennifer Boylan | Primary sponsor | Democratic | House | 66 |
| Michelle McGaw | Primary sponsor | Democratic | House | 71 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- 05/13/2025 Committee recommended measure be held for further study
- 05/09/2025 Scheduled for hearing and/or consideration (05/13/2025)
- 02/26/2025 Introduced, referred to House Finance