SB 1040

  • Rhode Island Senate Bill
  • 2025 Regular Session
  • Introduced in Senate May 09, 2025
  • Senate
  • House
  • Governor

An Act Relating To Taxation -- Tax On Gains From The Sale Or Exchange Of Real Property

Abstract

Creates new tax on gains from sale or exchange of real property held for short periods of time, 6 years or less, establishes a comprehensive framework to calculate and implement enforcement and provides imprisonment and/or fines for those who evade taxes.

Bill Sponsors (3)

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Jun 03, 2025

Rhode Island General Assembly

06/03/2025 Committee recommended measure be held for further study

May 30, 2025

Rhode Island General Assembly

05/30/2025 Scheduled for hearing and/or consideration (06/03/2025)

May 09, 2025

Senate

05/09/2025 Introduced, referred to Senate Finance

Bill Text

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1040 PDF

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Sources

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