Rhode Island General Laws — Title 44 (Taxation)
R.I. Gen. Laws § 44-11-12
Dividends and interest excluded from net income
There shall not be included in a taxpayerâs net income:
# (1)
Dividends received from the shares of stock of:
(i) Any banking institution liable to a tax under chapter 14 of this title; or
(ii) Any corporation liable to a tax imposed by this chapter; or
# (2)
Dividends received from the shares of stock of, or interest received on, the bonds, debentures, or other evidences of indebtedness or the distributive share of the taxable income of any public service corporation or company liable to a tax imposed by chapter 13 of this title.
Amendment history
History of Section. G.L. 1938, ch. 37, § 5; P.L. 1947, ch. 1887, art. 1, § 1; G.L. 1956, § 44-11-12; P.L. 1989, ch. 130, § 2.
Source: view the official text
In this chapter (40 sections)
- 44-11-1 · Definitions
- 44-11-2 · Imposition of tax
- 44-11-2.1 · Surtax
- 44-11-2.2 · Pass-through entities â Definitions â Withholding â…
- 44-11-2.3 · Pass-through entities â Election to pay state income tax…
- 44-11-3 · Filing of returns â Due date
- 44-11-4 · Returns of affiliated groups of corporations
- 44-11-4.1 · Combined reporting
- 44-11-5 · Extension of time for filing of returns
- 44-11-6 · Determination and payment of tax due â Hearings and…
- 44-11-7 · Interest on delinquency payments
- 44-11-7.1 · Limitations on assessment
- 44-11-8 · Lien on real estate
- 44-11-9 · Records, statements, and rules and regulations
- 44-11-10 · Returns and statements required to show whether corporation…
- 44-11-11 · âNet incomeâ defined
- 44-11-11.1 · Amortization of air or water pollution prevention or…
- 44-11-11.2 · Definition of âtreatment facilityâ
- 44-11-11.3 · Accelerated amortization deductions for certain…
- 44-11-12 · Dividends and interest excluded from net income
- 44-11-13 · Entire net income of business wholly within state
- 44-11-14 · Allocation of income from business partially within state
- 44-11-14.1 · Certified facility apportionment exclusion
- 44-11-14.2 · Allocation and apportionment of regulated investment…
- 44-11-14.3 · Credit card banks â Allocation and apportionment of…
- 44-11-14.4 · Allocation and apportionment â Retirement and pension…
- 44-11-14.5 · International investment management service income
- 44-11-14.6 · Allocation and apportionment â Manufacturers
- 44-11-15 · Variation of method of allocating income
- 44-11-19 · Supplemental returns â Additional tax or refund
- 44-11-20 · Claims for refund â Hearing upon denial
- 44-11-21 · Information confidential â Types of disclosure authorized…
- 44-11-22 · Tax administratorâs power to summon witnesses and evidence
- 44-11-23 · Service of summons
- 44-11-24 · Enforcement of summons
- 44-11-25 · Determination of tax without return
- 44-11-26 · Pecuniary penalty for failure to file return or to pay tax…
- 44-11-26.1 · Revocation of articles or authority to transact business…
- 44-11-27 · Pecuniary penalty for fraud
- 44-11-28 · Collection of pecuniary penalties