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S.2557

Exempts a single-family, primary residence, owned by a taxpayer, who is at least sixty-five (65) years old, and has been a Rhode Island resident for at least forty (40) years. It also excludes multi-family and income-producing properties.

Introduced·2/13/26
Introduced Text

Exempts single-family primary residences owned by taxpayers aged 65+ with 40+ years of Rhode Island residency from property tax.

This bill proposes an exemption from property tax for single-family primary residences owned by taxpayers who are at least 65 years old and have been Rhode Island residents for at least 40 years. The exemption does not apply to multi-family or income-producing properties. The bill aims to provide tax relief to eligible taxpayers.

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  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
Finance Committee
Next
Committee decision

Sponsors

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10
0
Democratic CaucusRepublican Caucus

History

Feb 13

Senate

Introduced, referred to Senate Finance