Rhode Island General Laws 44-18-40.1. Exemption for certain energy products
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Notwithstanding any provision of the general laws to the contrary, the gross receipts from the sale, storage, use or other consumption of electricity, steam and thermal energy which is produced, transmitted and/or sold by the Rhode Island economic development corporation are exempt from the taxes imposed by this chapter.
History of Section.
P.L. 1995, ch. 189, § 1.
Terms Used In Rhode Island General Laws 44-18-40.1
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.