Rhode Island Annual Property Tax Report Now Available

The R.I. Division of Municipal Finance has issued its Fiscal Year 2016 Property Tax Cap Report summarizing compliance with the state property tax levy cap of 4 percent, now in its ninth year

Leaders Ruggerio, DeSimone, Mayor Elorza will work together to develop I-195 tax stabilization agreement

Senate Majority Leader Dominick J. Ruggerio, House Majority Leader John J. DeSimone and the City of Providence announced today that that will work together to develop a tax stabilization agreement, or TSA, for companies that locate in the I-195 Redevelopment District

ORA Releases its State 5% Hotel Tax Report for March 2015

The Office of Revenue Analysis released its report on the state 5% hotel tax. The report looks at the collection and disbursement of the state's 5% hotel tax which is levied on the rental of lodging for less than 30 consecutive days at the state's hotels, motels and bed and breakfasts.

Rhode Island Real Estate Businessman Sentenced To Prison For Tax Fraud

A Cranston, Rhode Island, man was sentenced today to prison for tax fraud in the District of Rhode Island, announced Acting Assistant Attorney General Caroline D. Ciraolo of the Justice Department’s Tax Division.

ORA Releases its State 5% Hotel Tax Report for January 2015

The Office of Revenue Analysis released its report on the state 5% hotel tax. The report looks at the collection and disbursement of the state's 5% hotel tax which is levied on the rental of lodging for less than 30 consecutive days at the state's hotels, motels and bed and breakfasts.

RI Delegation Announces $5.6 Million to Improve Disability Housing Assistance

In an effort to ensure that Rhode Islanders with disabilities and special needs have access to affordable rental housing and supportive services, U.S. Senators Jack Reed and Sheldon Whitehouse and U.S. Representatives Jim Langevin and David Cicilline today announced that Rhode Island Housing will receive a federal boost of over $5.6 million.

Raimondo Signs Executive Order Strengthening Municipalities for Future Growth and Success

Governor Gina M. Raimondo today signed an executive order strengthening municipalities for future growth and success. This order will help cities and towns reduce costs and property taxes, helping Rhode Island families and encouraging businesses to grow jobs

Rep. Craven proposes increase in estate tax threshold

While Florida offers retirees warm weather, nice beaches and golf, it also presents the opportunity to significantly reduce one’s overall tax burden, according to an article on estate planning in a recent edition of the Rhode Island Bar Journal. The article’s authors go on to say that “in many instances, the tax savings alone for a Rhode Island client moving to Florida will cover the expense of living in the Sunshine State.”

Supreme Court of Rhode Island Upholds the MERS Business Model and MERS Authority to...

Reston, Virginia - January 2, 2013 - (RealEstateRama) -- MERSCORP Holdings, Inc. today announced that the Supreme Court of Rhode Island held in Mruk vs. Mortgage Electronic Registration Systems, Inc., (MERS) et al. that MERS’ business model with MERS holding legal title to the mortgage as the nominee for the owner of the note is consistent with Rhode Island law.

R.I. Property Management Company Fined for Failing to Notify Tenants about Lead Paint Hazards...

Boston, MA - July 11, 2013 - (RealEstateRama) -- Private Reserve Properties, LLC, a Rhode Island property management company, will pay a penalty of $21,857, and perform an additional project valued at $210,000 to settle EPA allegations that it violated federal lead disclosure laws

Rhode Island Real Estate Attorney Indicted in Schemes Netting $1.5 Million in Mortgages

PROVIDENCE, RI - June 18, 2010 - (RealEstateRama) -- A federal grand jury Thursday indicted a North Providence, Rhode Island real estate attorney on charges he falsified bank and federal tax documents, and lied about his income and assets, in obtaining more than $1.5 million in mortgages.

Former Johnston Woman Pleads Guilty to $1.7 Million Mortgage Fraud Scheme

Boston, MA - October 2, 2009 - (RealEstateRama) -- Lisa Torres, 40, formerly of Johnston, pleaded guilty today to a $1.7 million mortgage fraud scheme in which she purchased properties that had recently been foreclosed upon, and then used the names of straw purchasers in sham sales to finagle mortgage financing.

Legislation closing loophole in hurricane insurance rules signed into law

Providence, RI - June 25, 2009 - (RealEstateRama) — Legislation approved by the General Assembly -- to close a loophole in state law regulating hurricane insurance deductibles – has been signed into law and will, according to the bills’ prime sponsors, correct language that could have proved unnecessarily costly to Rhode Island homeowners.

RI Housing Project for Low-Income Seniors Honored

CHICAGO - June 10, 2009 - (RealEstateRama) – A Rhode Island affordable housing development designed to meet the needs of low-income seniors in and around North Smithfield has been recognized as one of the top projects in the country.

Defendant Pleads Guilty to Wire Fraud Relating to Mortgage Fraud Scheme

Boston, MA - June 9, 2009 - (RealEstateRama) – Pasquale Scavitti, III, age 46, resident of Cranston, Rhode Island, pleaded guilty today to Wire Fraud. Scavitti admitted that between 2003 and August 2008 he unlawfully diverted mortgage funds that were wire transferred into his client office account to his own personal benefit, resulting in losses in excess of $2.5 million.


Rhode Island Treasury Reunited 8,860 People with $11.7 Million in Unclaimed...

The Office of Rhode Island General Treasurer Seth Magaziner reunited 8,860 people with $11.7 million in unclaimed property in the fiscal year that ended on June 30


Langevin, Whitehouse Highlight Bill to Invest $170 Million in Fixing RI...

Congressman Jim Langevin and Senator Sheldon Whitehouse today joined with state, town, and labor officials by the Factory Bridge in West Warwick to call on Congress to pass the Strengthen and Fortify Existing (SAFE) Bridges Act. The SAFE Bridges Act was introduced in the Senate by Senator Jeanne Shaheen (D-NH), Whitehouse, and others last month and will be introduced in the House this week by Langevin. The bill would deliver up to $170 million to repair Rhode Island’s deficient and crumbling bridges and create construction jobs