HB 5402

  • Rhode Island House Bill
  • 2025 Regular Session
  • Introduced in House Feb 07, 2025
  • House
  • Senate
  • Governor

An Act Relating To Taxation -- Business Corporation Tax -- Affordable Housing Tax Credit Act

Abstract

Creates business tax credit for, eliminates sale tax on, eliminates income tax on the sale of, and creates a 10 year tax valuation freeze on newly renovated affordable housing.

Bill Sponsors (3)

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May 13, 2025

Rhode Island General Assembly

05/13/2025 Committee recommended measure be held for further study

May 09, 2025

Rhode Island General Assembly

05/09/2025 Scheduled for hearing and/or consideration (05/13/2025)

Feb 07, 2025

House

02/07/2025 Introduced, referred to House Finance

Bill Text

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5402 PDF

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Sources

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