2025 Regular Session • Rhode Island Legislature
S0963: Provides an 8% tax rate for those properties that are encumbered by a deed restriction for low-income housing set at 80% or 60% of adjusted median income established by HUD.
Legislative Summary
TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES - Provides an 8% tax rate for those properties that are encumbered by a deed restriction for low-income housing set at 80% or 60% of adjusted median income established by HUD.
Demographic Impact
Overall analysis of equity impact
90% Positive
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Bill History
4/10/2025
Introduced, referred to Senate Housing and Municipal Government
Senate
4/18/2025
Scheduled for hearing and/or consideration
Senate
4/21/2025
Meeting postponed (04/24/2025)
Senate
5/2/2025
Scheduled for hearing and/or consideration (05/08/2025)
Senate
5/8/2025
Committee recommended measure be held for further study
Senate
Status Information
Current Status
Introduced(4/10/2025)
Chamber
Senate
Committee
Housing and Municipal Government(Senate)
Sponsors
Democrat: 5
Primary Sponsor
Tiara Mack
Democrat