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Who's moving budget & taxes in Rhode Island
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Exempts the real and tangible personal property of the Rhode Island Hispanic Chamber of Commerce, located at 359 Broad Street within the city of Providence.
Exempts from taxation the property of the nonprofit Mount St. Rita Health Centre located in Cumberland, RI. The exemption would be effective as of December 31, 2025.
SB 2036 exempts the real and tangible personal property of Blithewold, Inc. (located at 101 Ferry Road, Bristol, Rhode Island) from property taxation. This bill amends Rhode Island's tax code to add Blithewold, Inc. to the list of entities eligible for property tax exemptions under Section 44-3-3. The exemption applies specifically to the organization's property at that Bristol address, directly affecting Blithewold, Inc.'s tax obligations. The change is a targeted exemption for a single organization, not a broad policy shift.
Exempts certain urban and small farmers from sales taxes, real, tangible and personal property taxes and income taxes. This act would also define urban and small farmers and urban farmland.
Exempts certain urban and small farmers from sales taxes, real, tangible and personal property taxes and income taxes. This act would also define urban and small farmers and urban farmland.
HB 8006 establishes a special 8% property tax rate for qualifying affordable housing in Rhode Island, instead of standard local tax rates. To qualify, properties must have legal agreements restricting rents to 30% of tenant income for households at or below 80% of area median income (for 40% of units) or 60% AMI (for 30% of units). Conversions of existing non-residential buildings to housing qualify until 2037, with tax rates gradually increasing from 8% to 12% over 30 years. This directly affects property owners of qualifying affordable housing and local governments setting tax policies.