Rhode Island legislation · 2026 Regular Session
Rhode Island H7242: AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION (Exempts certain urban and small farmers from sales taxes, real, tangible and personal property taxes and income taxes. This act would also define urban and small farmers and urban farmland.)
Status: Signed into law, June 19, 2026
What the bill says
From the introduced text, January 21, 2026:
2026 -- H 7242 ======== LC004065 ======== STATEOFRHODEISLAND IN GENERAL ASSEMBLY JANUARY SESSION, A.D. 2026 ____________ ANACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION Introduced By: Representatives McGaw, Fogarty, Potter, Sanchez, Hull, Diaz, Giraldo, Stewart, Boylan, and Cotter Date Introduced: January 21, 2026 Referred To: House Finance It is enacted by the General Assembly as follows: SECTION 1. Section 44-3-3 of the General Laws in Chapter 44-3 entitled "Property Subject to Taxation" is hereby amended to read as follows: 44-3-3. Property exempt. (a) The following property is exempt from (2) Lands ceded or belonging to the United States; (3) Bonds and other securities issued and exempted from taxation by the government of the United States or of this state; (4) Real estate, used exclusively for military purposes, owned by chartered or incorporated organizations approved by the adjutant general and composed of members of the national guard, the naval militia, or the independent, chartered-military organizations; (5) Buildings for free public schools, buildings for religious worship, and the land upon which they stand and immediately surrounding them, to an extent not exceeding five (5) acres so far as the buildings and land are occupied and used exclusively for religious or educational purposes; (6) Dwellings houses and the land on which they stand, not exceeding one acre in size, or the minimum …
Sponsors
- McGaw, Michelle (D, HD-071) · primary sponsor
- Kathleen Fogarty (D, HD-035)
- Brandon Potter (D, HD-016)
- Enrique Sanchez (D, HD-009)
- Raymond Hull (D, HD-006)
- Grace Diaz (D)
- Joshua Giraldo (D, HD-056)
- Jennifer Stewart (D, HD-059)
- Jennifer Boylan (D, HD-066)
- Megan Cotter (D, HD-039)
Latest actions
- : Signed by Governor
- : Transmitted to Governor
- : Senate passed in concurrence
- : Placed on the Senate Consent Calendar
- : House read and passed
- : Placed on House Calendar
- : Committee recommends passage
- : Scheduled for consideration
- : Committee recommended measure be held for further study
- : Scheduled for hearing and/or consideration
Votes
- House Seq #475: PASSAGE (June 10, 2026): 58 yea, 10 nay, passed
- House Committee on Finance: Passage (June 8, 2026): 11 yea, 0 nay, passed
Subjects: TAXATION
Common questions
- What is H7242?
- H7242 is a bill in the Rhode Island Legislature (2026 Regular Session): AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION (Exempts certain urban and small farmers from sales taxes, real, tangible and personal property taxes and income taxes. This act would also define urban and small farmers and urban farmland.).
- What is the status of H7242?
- Signed into law as of June 19, 2026. Latest action: Signed by Governor (June 19, 2026).
- Who sponsored H7242?
- McGaw, Michelle (D, HD-071), with 9 co-sponsors.
- Where is the official record for H7242?
- On the Rhode Island Legislature website: http://webserver.rilegislature.gov/BillText/BillText26/HouseText26/H7242.pdf
Source: official Rhode Island record. Tracked by Delilah, AI for legislation across all 50 states and Congress.