Rhode Island · 2026 Regular Session · Bill
SB 2697: 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
SB 2697 is a bill introduced in the Rhode Island Senate on February 27, 2026. According to its official title, it concerns: AN ACT RELATING TO TAXATION -- REAL ESTATE CONVEYANCE TAX. Primary sponsor: John Burke (Democratic), Alana DiMario (Democratic), Mark McKenney (Democratic), Meghan Kallman (Democratic), Victoria Gu (Democratic). Most recent recorded action (March 26, 2026): 03/26/2026 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 5
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| John Burke | Primary sponsor | Democratic | Senate | 9 |
| Alana DiMario | Primary sponsor | Democratic | Senate | 36 |
| Mark McKenney | Primary sponsor | Democratic | Senate | 30 |
| Meghan Kallman | Primary sponsor | Democratic | Senate | 15 |
| Victoria Gu | Primary sponsor | Democratic | Senate | 38 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- 03/26/2026 Committee recommended measure be held for further study
- 03/20/2026 Scheduled for hearing and/or consideration (03/26/2026)
- 02/27/2026 Introduced, referred to Senate Housing and Municipal Government