PRIA Logo™
Rhode IslandH71512026 Regular SessionHouseWALLET

AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION .

Sponsored By: Alex S. Finkelman (Democratic)

Became Law

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

4 provisions identified: 1 benefits, 1 costs, 2 mixed.

Jamestown seniors get income-based property break

Jamestown homeowners age 65+ can get a property tax exemption. You must own and live in the home. Your income tier sets the rate based on the federal poverty guideline. Rates: ≤140%: 60%; 140–160%: 50%; 160–180%: 40%; 180–200%: 30%; 200–220%: 20%; 220–240%: 10%. The rate applies to the lesser of the assessment cap or your assessed value. Only one exemption is allowed per group of co-owners. This is on top of any other exemptions you already get. Individual owners use the 1-person FPG; joint owners use the 2-person FPG.

No senior break for business-use homes

You cannot get the senior exemption if your home earns income. Rental, business, or mixed business-residential use makes you ineligible. Running a professional practice from your home also disqualifies you.

Jamestown senior exemption cap set and adjusts

The assessment cap for this exemption is $142,000. When homes are revalued, the cap changes by the same percent as the median home value. It can go up or down, which can raise or lower your exemption.

Jamestown rules to qualify and count income

You must be 65+ and domiciled in Jamestown for five years. You must own and live in the home and file the assessor’s form. The assessor may require tax returns and a birth certificate. Your information stays confidential. Income counts cash like wages, Social Security, pensions, alimony, interest, and dividends. Net rent and scholarships used for living costs also count. Capital gains, asset withdrawals, gifts, loans, inheritances, and tax refunds do not count. One-time injury payments and non-cash benefits like Medicare, Medicaid, SNAP, school lunches, and housing aid do not count.

Sponsors & Cosponsors

Sponsor

  • Alex S. Finkelman

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 70 • No: 0

House vote • 2/3/2026

PROPERTY SUBJECT TO TAXATION PASSAGE

Yes: 70 • No: 0

Actions Timeline

  1. Effective without Governor's signature — Chapter 025

    5/6/2026Governor

  2. Transmitted to Governor

    4/28/2026Governor

  3. Senate passed in concurrence

    4/28/2026Senate

  4. Placed on the Senate Consent Calendar (04/28/2026)

    4/24/2026Senate

  5. Committee recommends passage in concurrence

    4/16/2026

  6. Scheduled for consideration (04/16/2026)

    4/10/2026

  7. Referred to Senate Housing and Municipal Government

    2/6/2026Senate

  8. House read and passed

    2/3/2026House

  9. Placed on House Calendar (02/03/2026)

    1/30/2026House

  10. Committee recommends passage

    1/27/2026

  11. Scheduled for consideration (01/27/2026)

    1/23/2026

  12. Committee recommended measure be held for further study

    1/20/2026

  13. Scheduled for hearing and/or consideration (01/20/2026)

    1/16/2026

  14. Introduced, referred to House Municipal Government & Housing

    1/16/2026House

Bill Text

  • H7151 - As Introduced

    1/16/2026

    HTMLPDF

Related Bills

Back to State Legislation