Establishes a revolving fund to assist first-time home buyers and veterans to purchase a home in Rhode Island by issuing grants of up to forty thousand dollars ($40,000).
Grants a right of entry for professional land surveyors to enter upon or cross any lands, air space or water resources necessary to perform surveying services except public utility and/or wastewater treatment facilities upon prior notice.
Establishes the behavioral health education, training, and coordination fund to receive the checkoff contributions from Rhode Island personal income tax returns for tax years ending on or after December 31, 2024.
Increases the maximum state and municipal small purchase limits from $10,000 to $25,000 for construction projects and from $5,000 to $10,000 for all other state and municipal purchases.
Requires an appropriation of an additional five percent (5%) of the assessed value of all low-income housing as part of the payment in lieu of taxes program to the municipality where the property is located beginning in fiscal year 2026.
Excludes all overtime earned by an individual from adjusted gross income for tax years 2025 and 2026 and defines overtime as payment of at least 1½ times the rate of regular pay for hours worked over the standard forty (40) hours.
Allows for a one-time two percent (2%) supplemental cost of living adjustment for plan year 2025 to the public pension benefits administered by the ERSRI, and allows for those benefits to be deducted from the taxpayer's adjusted gross income.
Authorizes reassessment of taxes on new construction from the date of issuance of the certificate of occupancy or the date it is first used, whichever is the earlier.
Provides that the city of Woonsocket not be required to accept additional residential properties subject to the alternative tax assessment due to its stock of affordable housing meeting the 10% housing requirement.