AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION
Summary
Authorizes a host city or town to impose a two percent (2%) tax on the endowment of a private institution of higher education that is in excess of one billion dollars ($1,000,000,000), to be used only for the host public school district.
Bill status
died
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 31, 2025
Last action May 15, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
1
May 15, 2025
Committee
05/15/2025 Committee recommended measure be held for further study
legislature
Jan 31, 2025
Introduced
01/31/2025 Introduced, referred to House Finance
lower
10 primary · 0 co-sponsors
Sponsors
Ask Maddy
·
AI policy assistant
Ask Maddy about HB 5285
Scope: RI
Hi! I can help you understand HB 5285. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline