Rhode Island § 44-14-15 § 44-14-15. Dividends excluded from income.

Rhode Island Statutes

§ 44-14-15 — § 44-14-15. Dividends excluded from income.

Rhode Island § 44-14-15

Title 44Taxation

Ch. 44-14Taxation of Banks

This text of Rhode Island § 44-14-15 (§ 44-14-15. Dividends excluded from income.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 44-14-15 (2026).

Text

§ 44-14-15. Dividends excluded from income.
There shall not be included in a taxpayer's net income dividends received from the
            shares of stock of:
         
(1) Any corporation if over fifty percent (50%) of the corporation's value was apportioned
            to this state in determining the tax last imposed on it by chapter 11 of this title;
         
(2) Any utility if over fifty percent (50%) of the utility's gross earnings was apportioned
            to this state in determining the tax last imposed on it by chapter 13 of this title;
         
(3) Any banking institution liable to a tax un

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§ 44-14-15. Dividends excluded from income.

There shall not be included in a taxpayer's net income dividends received from the shares of stock of:

(1) Any corporation if over fifty percent (50%) of the corporation's value was apportioned to this state in determining the tax last imposed on it by chapter 11 of this title;

(2) Any utility if over fifty percent (50%) of the utility's gross earnings was apportioned to this state in determining the tax last imposed on it by chapter 13 of this title;

(3) Any banking institution liable to a tax under this chapter; and

(4) Any corporation specified in § 44-11-1(4)(i).