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Neutral Bill Mar 16, 2026

Precludes a legal entity from owning property whose value is over $25,000,000. If the property value exceeds $25,000,000, then the entity must divest a graduated yearly amount over the next 10 years, until value is less than $25,000,000.

PROPERTY -- CAPACITY TO HOLD REAL ESTATE - Precludes a legal entity from owning property whose value is over $25,000,000. If the property value exceeds $25,000,000, then the entity must divest a graduated yearly amount over the next 10 years, until value is less than $25,000,000.

https://legiscan.com/RI/bill/H8102/2026
Michelle McGaw State Representative
PROPERTY PROPERTY -- CAPACITY TO HOLD REAL ESTATE
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