Rhode Island General Laws 44-14-17. Exemption of intangible property and stock from taxation
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The intangible property and the shares of stock of any banking institution liable to a tax under this chapter shall be exempt from taxation in this state.
History of Section.
P.L. 1942, ch. 1212, art. 7, § 7; G.L. 1956, § 44-14-17.
Terms Used In Rhode Island General Laws 44-14-17
- Intangible property: Property that has no intrinsic value, but is merely the evidence of value such as stock certificates, bonds, and promissory notes.