PSH Partner Allison Fleet was recently quoted in The Boston Globe regarding Rhode Island’s new Non-Owner-Occupied Property Tax Act, commonly referred to as the “Taylor Swift tax,” which took effect July 1.
In the article, Fleet discusses how the new law is affecting real estate transactions, including a new requirement that sellers obtain a Certificate of No Tax Due before closing. She also addresses questions that remain around how the law will apply to properties with multiple owners and shared occupancy.
“It is now a closing deliverable. Closings cannot occur without that form being submitted, and it’s really on the property owner to obtain,” Fleet told The Boston Globe.
Read the full article, “Cruel summer? Rhode Island’s ‘Taylor Swift tax’ went into effect — who’s paying it?” in The Boston Globe (subscription required).
