TITLE 44

Taxation

CHAPTER 44-13

Public Service Corporation Tax

SECTION 44-13-14



   § 44-13-14  Exemption of securities from

taxation. –

The owners of shares of stock, bonds, debentures, and other evidences of

indebtedness of any corporation liable to a tax under this chapter and of any

corporation the property of which is operated in this state by any corporation

shall be exempt from taxation in this state thereon.



History of Section.

(P.L. 1942, ch. 1212, art. 6, § 6; G.L. 1956, § 44-13-14; P.L. 1985,

ch. 181, art. 62, § 1.)