Rhode Island § 44-3-44 § 44-3-44. Qualifying stock options — Exemption.

Rhode Island Statutes

§ 44-3-44 — § 44-3-44. Qualifying stock options — Exemption.

Rhode Island·Title 44 Taxation·Ch. 44-3 Property Subject to Taxation

§ 44-3-44. Qualifying stock options — Exemption.
For purposes of determining the federal income tax liability of a taxpayer subject
            to Rhode Island income tax, the Rhode Island income of the taxpayer under §§ 44-30-12 and 44-30-16 is determined by excluding any income, gain, or preference items resulting from the
            sale, transfer, or exercise of qualified and nonqualified stock options, the stock
            issued or transferred on the exercise of any such option, and warrants issued with
            respect to such options and/or stock, of a qualifying corporation provided that the
            taxpayer was a qualifying taxpayer and the taxpayer's employer who issued the option
            was a q

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§ 44-3-44. Qualifying stock options — Exemption.

For purposes of determining the federal income tax liability of a taxpayer subject to Rhode Island income tax, the Rhode Island income of the taxpayer under §§ 44-30-12 and 44-30-16 is determined by excluding any income, gain, or preference items resulting from the sale, transfer, or exercise of qualified and nonqualified stock options, the stock issued or transferred on the exercise of any such option, and warrants issued with respect to such options and/or stock, of a qualifying corporation provided that the taxpayer was a qualifying taxpayer and the taxpayer's employer who issued the option was a qualifying corporation at the time the taxpayer acquired a vested interest in such option and exercised such option.

Rhode Island § 44-3-44 (§ 44-3-44. Qualifying stock options — Exemption.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.