Rhode Island General Laws — Title 44 (Taxation)
R.I. Gen. Laws § 44-40-3
Tax imposed â Amount â Property in another state
# (a)
A tax is imposed upon every generation-skipping transfer in an amount equal to the amount allowable as a credit for state legacy taxes under 26 U.S.C. § 2604.
# (b)
If any of the property transferred is real property in another state or personal property having taxable situs in another state which requires the payment of a tax for which credit is received against the federal generation-skipping transfer tax, any tax due pursuant to subsection (a) of this section shall be reduced by an amount which bears the same ratio to the total state tax credit allowable for federal generation-skipping transfer tax purposes as the value of the property taxable in the other state bears to the value of the gross generation-skipping transfer for federal generation-skipping transfer tax purposes.
Amendment history
History of Section. P.L. 1981, ch. 264, § 1; P.L. 1991, ch. 44, art. 34, § 1.
Source: view the official text
In this chapter (16 sections)
- 44-40-1 · Short title
- 44-40-2 · Definitions
- 44-40-3 · Tax imposed â Amount â Property in another state
- 44-40-4 · Time for filing â Filing copy of federal return
- 44-40-5 · Contents of return
- 44-40-6 · Amended return â Filing â Increase or decrease
- 44-40-7 · Cases not involving false or fraudulent return â…
- 44-40-8 · False or fraudulent return â Determination by administrator…
- 44-40-9 · Setting aside or correcting an erroneous determination
- 44-40-10 · Notice of deficiency and penalty â Copies
- 44-40-11 · Claim of erroneous deficiency â Action â Time for…
- 44-40-12 · Person liable
- 44-40-13 · Time of payment
- 44-40-14 · Delinquency â Interest on delinquency â Applicability of…
- 44-40-15 · Method of payment
- 44-40-16 · Collection