HB 7151 allows the town of Jamestown to create a new property tax exemption program for seniors aged 65+ who own and occupy their primary residence. The bill establishes income-based exemption tiers (ranging from 10% to 60% of property value) based on household income relative to federal poverty guidelines, with strict residency requirements (5 years in Jamestown). It explicitly excludes income-producing properties (like home offices or rental units) and requires applicants to provide income documentation. This bill directly affects eligible Jamestown seniors meeting the income, residency, and property-use criteria.
Increases the amount of state aid distributed to the towns and cities through appropriation in lieu of property tax provisions applicable to certain private and state properties that are exempt from property tax.
HB 7047 authorizes the town council of Little Compton to establish a homestead exemption for residential properties, reducing local property tax burdens for qualifying residents. It directly affects homeowners in Little Compton who live in their homes year-round, automatically qualifying registered voters without applications, while non-voter residents must apply with proof of residency (e.g., driver’s license, utility bill). The exemption starts at 10% of the town’s mean property value and can be adjusted annually between 5% and 15% by the town council. The bill also allows exemptions for second homes and rental properties meeting specific occupancy and lease terms. This is a local tax policy change specific to Little Compton, not a statewide law.
Mandates public schools (K-12) have one full-time certified social worker for every 250 students and allocates $2 million in the Fiscal Year 2025 budget for school districts and municipalities to hire additional social workers.
HB 7152 increases the property tax exemption for veterans from $1,000 to $6,000 specifically for municipal taxes. This directly affects veterans who own property in municipalities covered by this bill. The key provision raises the exemption amount, reducing the taxable value of their primary residence. The bill is currently pending in the House Municipal Government & Housing committee after being referred on January 16, 2026.
Amends the Education Equity and Property Tax Relief Act to set the regionalization bonus at 2% of the state's share of foundation education aid for the fiscal year starting July 1, 2026, and for each year thereafter.
SB 2073 exempts Community MusicWorks' real and tangible personal property (such as buildings and equipment) in Providence from local property taxes. This targeted exemption adds the nonprofit arts organization to Rhode Island's list of tax-exempt entities under Chapter 44-3. The bill amends existing tax law to specifically include Community MusicWorks, directly affecting its property tax obligations. The change applies only to this organization and its physical assets in Providence.
SB 2233 establishes specific new funding categories to support school districts across Rhode Island. It provides state reimbursement for excess costs in special education (above a set threshold), career and technical education programs, pre-kindergarten access, and transportation for students attending out-of-district non-public schools. The bill also creates stabilization funds for Central Falls, Davies, and the Met Center schools, and offers regionalized school districts a temporary bonus (2% then 1% of state funding share) for their first two fiscal years. School districts seeking these funds must meet criteria set by the Department of Education, and funds are prorated if demand exceeds available appropriations.
HB 7420 updates how state education funding is calculated to address inequities, primarily affecting school districts with high numbers of students in poverty. It introduces a new formula that factors in a district's revenue capacity and poverty levels to determine state aid, with a poverty loss stabilization fund for districts seeing aid drops over 2%. The bill also creates specific state-funded programs for special education costs, career and technical education, pre-K access, and stabilization for districts like Central Falls, Davies, and the Met Center. It requires the state to publish a report identifying unfunded district costs and share this with lawmakers and the public. These changes aim to adjust funding based on need while adding targeted support for specific educational programs and struggling districts.
Permits every municipality in the state to offer a homestead tax exemption of up to 20% of assessed value on residential properties, and also provides that municipalities that grant greater exemptions not be limited by this section.
