AN ACT RELATING TO TAXATION -- PERSONAL INCOME TAX -- CAPITAL GAINS
Summary
Amends the capital gains tax rates and holding period from 5 years to 1 year. Imposes a non-owner occupied tax on homes assessed at more than $1,000,000.
Bill status
died
1 of 4 stages cleared
Introduction
Feb 2024
Committee Review
Floor Vote
Governor
Introduced Feb 2, 2024
Last action May 14, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
1
May 14, 2024
Committee
05/14/2024 Committee recommended measure be held for further study
legislature
Feb 2, 2024
Introduced
02/02/2024 Introduced, referred to House Finance
lower
8 primary · 0 co-sponsors
Sponsors
Ask Maddy
·
AI policy assistant
Ask Maddy about HB 7486
Scope: RI
Hi! I can help you understand HB 7486. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline