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Bill May 22, 2026

AN ACT RELATING TO 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://openstates.org/ri/bills/2026/SB2902/
Meghan Kallman State Senator Val Lawson State Senator Cosponsor Alana DiMario State Senator Cosponsor Victoria Gu State Senator Cosponsor Lammis Vargas State Senator Cosponsor Tiara Mack State Senator Cosponsor Mark McKenney State Senator Cosponsor Ryan Pearson State Senator Cosponsor Dawn Euer State Senator Cosponsor Bridget Valverde State Senator Cosponsor
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