Shown verbatim: the complete text as captured from the official PDF posted by the Rhode Island General Assembly, fetched 2026-07-29. Page and line markers are part of the official record; nothing is edited or removed. The official bill page.
S2703 2026 -- S 2703 ======== LC005467 ======== STATE OF RHODE ISLAND IN GENERAL ASSEMBLY JANUARY SESSION, A.D. 2026 ____________ A N A C T RELATING TO TOWNS AND CITIES -- PROPERTY TAX/RENT FREEZE BILL Introduced By: Senators Raptakis, Burke, Tikoian, Patalano, Famiglietti, Thompson, Rogers, Dimitri, McKenney, and de la Cruz Date Introduced: February 27, 2026 Referred To: Senate Housing & Municipal Government It is enacted by the General Assembly as follows: 1 SECTION 1. Title 45 of the General Laws entitled TOWNS AND CITIES is hereby 2 amended by adding thereto the following chapter: 3 CHAPTER 71 4 PROPERTY TAX/RENT FREEZE BILL 5 45-71-1. Property tax increase prohibited. 6 (a) Any city or town that adopts an ordinance limiting the right of a property owner, 7 property manager, or landlord to increase rent prices on a rental unit shall be prohibited from 8 increasing property tax rates or reassessing property values on affected rental units for as long as 9 the ordinance limiting rental increases remains in effect. 10 (b) The prohibition against increasing property tax rates or reassessing property values 11 established in this section shall remain in effect only in taxable years in which a city or town 12 maintains an adopted ordinance limiting the right of a property owner, property manager, or 13 landlord to increase rent prices on a rental unit. 14 (c) For the purpose of this section “rental unit” means any part of a housing accommodation 15 rented or offered for rent for residential occupancy, including apartments, rooms, condominiums, 16 single-family homes, or manufactured homes. 1 SECTION 2. This act shall take effect upon passage. ======== LC005467 ======== LC005467 - Page 2 of 3 EXPLANATION BY THE LEGISLATIVE COUNCIL OF A N A C T RELATING TO TOWNS AND CITIES -- PROPERTY TAX/RENT FREEZE BILL *** 1 This act would prohibit cities or towns that implement a rent control ordinance from raising 2 property taxes and such prohibition would last for as long as the rent control ordinance is in effect. 3 This act would take effect upon passage. ======== LC005467 ======== LC005467 - Page 3 of 3
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