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Rhode IslandS25762026 Regular SessionSenateWALLET

AN ACT RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES .

Sponsored By: Walter S. Felag Jr. (Democratic)

Became Law

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 1 benefits, 0 costs, 2 mixed.

Tiverton may offer homestead tax break

Tiverton can create a homestead exemption for owner-occupied Class 1 homes. If the town adopts it, your taxable value goes down and your tax bill can drop. The law does not set the exemption amount or detailed rules.

Different rates for owner vs rental homes

Tiverton can split Class 1 into owner-occupied and non-owner-occupied homes. The town may set different tax rates for these two groups. The rate must be the same for everyone within each group. This can shift taxes between homeowners and landlords. The law does not set the rates.

New property tax classes in Tiverton

Tiverton now uses five property classes to set taxes. Each year, the assessor lists every property’s full value, each class’s share of the total tax, and rates to raise that share. The town can set different rates for each class, but the rate is the same for everyone inside a class. Classes are: small residential/open space/leased-land homes (Class 1); commercial/industrial/mixed-use and larger residential over five units (Class 2); tangible personal property (Class 3); motor vehicles and trailers under the state excise tax (Class 4); and mobile homes on leased land taxed at the state rate (Class 5). The law takes effect upon passage.

Sponsors & Cosponsors

Sponsor

  • Walter S. Felag Jr.

    Democratic • Senate

Cosponsors

  • Louis P. DiPalma

    Democratic • Senate

Roll Call Votes

All Roll Calls

Yes: 105 • No: 0

House vote • 6/8/2026

LEVY & ASSESSMENT OF LOCAL TAXES PASSAGE IN CONCURRENCE

Yes: 69 • No: 0

Senate vote • 3/31/2026

RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES Passage

Yes: 36 • No: 0

Actions Timeline

  1. Effective without Governor's signature — Chapter 318

    6/24/2026Governor

  2. Transmitted to Governor

    6/16/2026Governor

  3. House passed in concurrence

    6/8/2026House

  4. Placed on the House Consent Calendar (06/08/2026)

    6/5/2026House

  5. Committee recommends passage in concurrence

    6/3/2026

  6. Scheduled for consideration (06/03/2026)

    5/29/2026

  7. Referred to House Municipal Government & Housing

    4/1/2026House

  8. Senate read and passed

    3/31/2026Senate

  9. Placed on Senate Calendar (03/31/2026)

    3/26/2026Senate

  10. Committee recommends passage

    3/12/2026

  11. Scheduled for hearing and/or consideration (03/12/2026)

    3/9/2026

  12. Introduced, referred to Senate Housing and Municipal Government

    2/13/2026Senate

Bill Text

  • S2576 - As Introduced

    2/13/2026

    HTMLPDF

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