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 real estate conveyance tax on property located in more than one municipality be allocated among those municipalities proportionally to the assessed value of the property in each municipality. This would affect how tax payments are calculated and distributed for multi-municipality properties, impacting lenders, title companies, and county recording offices involved in closings.
AI-generated summary · Jun 14, 2026. Verify with your compliance counsel before acting.
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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 real estate conveyance tax on property located in more than one municipality be allocated among those…
- When was it published?
- It was published on February 6, 2026.