Rhode Island § 44-39.3-1 § 44-39.3-1. Exclusion for qualifying options.

Rhode Island Statutes

§ 44-39.3-1 — § 44-39.3-1. Exclusion for qualifying options.

Rhode Island § 44-39.3-1

Title 44Taxation

Ch. 44-39.3Exclusion for Qualifying Options

This text of Rhode Island § 44-39.3-1 (§ 44-39.3-1. Exclusion for qualifying options.) 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 § 44-39.3-1 (2026).

Text

§ 44-39.3-1. Exclusion for qualifying options.
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 shall be 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 option, and warrants issued
            with respect to 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 quali

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§ 44-39.3-1. Exclusion for qualifying options.

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 shall be 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 option, and warrants issued with respect to 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 the option and exercised the option.