Rhode Island § 7-8-19 § 7-8-19. Application of corporation and franchise taxes to associations without stock.

Rhode Island Statutes

§ 7-8-19 — § 7-8-19. Application of corporation and franchise taxes to associations without stock.

Rhode Island § 7-8-19

Title 7Corporations, Associations and Partnerships

Ch. 7-8Consumersâ€™ Cooperatives

This text of Rhode Island § 7-8-19 (§ 7-8-19. Application of corporation and franchise taxes to associations without stock.) 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 § 7-8-19 (2026).

Text

§ 7-8-19. Application of corporation and franchise taxes to associations without stock.
(a) For the purposes of taxation, under chapters 11 and 12 [repealed] of title 44, of
            an association formed under this chapter without capital stock, the words "shareâ€�
            and "stockâ€� and "capital stockâ€� are construed to include within their meaning memberships
            in the association.
         
(b) For the purposes of taxation, under chapter 11 of title 44, of an association formed under this chapter without capital stock, the tax, if any,
            is based on the number of memberships outstanding in the association.
         
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§ 7-8-19. Application of corporation and franchise taxes to associations without stock.

(a) For the purposes of taxation, under chapters 11 and 12 [repealed] of title 44, of an association formed under this chapter without capital stock, the words "shareâ€� and "stockâ€� and "capital stockâ€� are construed to include within their meaning memberships in the association.

(b) For the purposes of taxation, under chapter 11 of title 44, of an association formed under this chapter without capital stock, the tax, if any, is based on the number of memberships outstanding in the association.

(c) The par value of the memberships shall, for the purposes of computing the amount of tax due under chapters 11 and 12 [repealed] of title 44, be taken as the amount for which the memberships were issued.