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.
R.I. Gen. Laws § 44-14-17
Exemption of intangible property and stock from taxation
Known as the Bank Tax Act
The act spans §§ 44–44 (46 sections).
P.L. 1942, ch. 1212, art. 7, § 7; G.L. 1956, § 44-14-17.
Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.