Rule detail : 216908

RI LEG Life Estate Tax Exemptions

RI LEG passed bill SB 2322 amending RI LEG 44-3-4 on veterans' tax exemptions.
Bill Provisions
Entitles holders of a life estate to real property to use any veteran's tax exemptions.
Expressly includes life estate interests as property subject to veterans' tax exemptions.
Legislative History
On Feb. 12, 2024, bill was introduced in Senate; on Jun. 4, 2024 bill passed in Senate.
On Jun. 7, 2024, bill was introduced in House; on Jun. 10, 2024, House passed bill.
On Jun. 21, 2024, bill transmitted to governor; pending governor review and approval.
Effectiveness
If enacted, provisions of the bill become effective on Dec. 31, 2024.
Jun. 2024 RI LEG Governor Approval
On Jun. 26, 2024, RI LEG reported governor approved SB 2322, for effect Dec. 31st.

Regulators	RI LEG
Entity Types	CNSM
Reference	Act, 6/26/2024; Bill SB2322, 6/21/2024; Citation: RI LEG 44-3-4;
Functions	Compliance; Financial; Legal; Operations; Tax
Countries	United States of America
Category
State
Products	Municipal; Servicemembers
Regions	Am
Rule Type	Final
Rule Date	6/21/2024
Effective Date	12/31/2024
Rule Id	216908
Linked to	N/A
Reg. Last Update	6/26/2024
Report Section	US Consumer