| Chapter 194 |
| 2015 -- S 0706 Enacted 07/09/2015 |
| A N A C T |
| RELATING TO TAXATION - REAL ESTATE CONVEYANCE TAX |
| Introduced By: Senator Walter S. Felag |
| Date Introduced: March 18, 2015 |
| It is enacted by the General Assembly as follows: |
| SECTION 1. Section 44-25-2 of the General Laws in Chapter 44-25 entitled "Real Estate |
| Conveyance Tax" is hereby amended to read as follows: |
| 44-25-2. Exemptions. -- (a) The tax imposed by this chapter does not apply to any |
| instrument or writing given to secure a debt. |
| (b) The tax imposed by this chapter does not apply to any deed, instrument, or writing |
| wherein the United States, the state of Rhode Island Rhode Island, or its political subdivisions |
| are designated the grantor. |
| (c) The tax imposed by this chapter does not apply to any deed, instrument, or writing |
| which that has or shall be executed, delivered, accepted, or presented for recording in |
| furtherance of of, or pursuant to to, that certain master property conveyance contract dated |
| December 29, 1982, and recorded in the land evidence records of the city of Providence on |
| January 27, 1983 1983, at 1:30 p.m. in book 1241 at page 849, and relating to the capital center |
| project in the city of Providence. |
| (d) The qualified sale of a mobile or manufactured home community to a resident-owned |
| organization as defined in ยง 31-44-1 is exempt from the real estate conveyance tax imposed under |
| this chapter. |
| (e) No transfer tax or fee shall be imposed by a land trust or municipality upon the |
| acquisition of real estate by the state of Rhode Island or any of its political subdivisions. |
| SECTION 2. This act shall take effect upon passage. |
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| LC001747 |
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