state_legiscan_drain · RI
Requires that the tax imposed upon the conveyance of any real property that is located in more than one municipality to be allocated between or among the municipalities in proportions to the assessed value of the property located in each municipality.
February 6, 2026
Summary
If enacted, this bill would require that the conveyance tax on real property located in multiple municipalities be allocated among those municipalities based on the assessed value of the property in each municipality. This affects the calculation of taxes due at closing and may impact escrow accounting for servicers.
Source: https://status.rilegislature.gov/
Common questions
- What does "Requires that the tax imposed upon the conveyance of any real property that is located in more than one municipality to be allocated between or among the municipalities in proportions to the assessed value of the property located in each municipality." cover?
- If enacted, this bill would require that the conveyance tax on real property located in multiple municipalities be allocated among those municipalities…
- When was it published?
- It was published on February 6, 2026.