SB2549 — AN ACT RELATING TO TAXATION -- TAX ON GAINS FROM THE SALE OR EXCHANGE OF REAL PROPERTY

SB2549 — AN ACT RELATING TO TAXATION -- TAX ON GAINS FROM THE SALE OR EXCHANGE OF REAL PROPERTY · Informed CitizenryThis bill proposes a new tax on the gains from the sale or exchange of real property in Rhode Island. The tax rate is based on the length of time the property was held by the transferor, with rates…Open in Informed Citizenry