2025 Regular Session • Rhode Island Legislature
S0489: Precludes any legal entity from possessing, controlling or otherwise claiming legal title to real property exceeding an aggregate value of twenty-five million dollars ($25,000,000) in single-family dwellings or multi-family dwellings.
Legislative Summary
PROPERTY -- CAPACITY TO HOLD REAL ESTATE - Precludes any legal entity from possessing, controlling or otherwise claiming legal title to real property exceeding an aggregate value of twenty-five million dollars ($25,000,000) in single-family dwellings or multi-family dwellings.
Demographic Impact
Overall analysis of equity impact
Neutral
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Bill History
2/26/2025
Introduced, referred to Senate Housing and Municipal Government
Senate
3/28/2025
Scheduled for hearing and/or consideration (04/03/2025)
Senate
4/3/2025
Committee recommended measure be held for further study
Senate
Status Information
Current Status
Introduced(2/26/2025)
Chamber
Senate
Committee
Housing and Municipal Government(Senate)
Sponsors
Democrat: 5
Primary Sponsor
Meghan Kallman
Democrat