There is a newer version
of
this Section
2020 Rhode Island General Laws
Title 18 - Fiduciaries
Chapter 18-5 Common Trust Funds
Section 18-5-4 Exemption of funds from taxation generally.
Universal Citation: RI Gen L § 18-5-4 (2020)
§ 18-5-4. Exemption of funds from taxation generally.
Except as provided in § 18-5-3, no common trust fund nor any asset of the fund, nor any trust company or national banking association by reason of its ownership or operation of the fund or asset, shall be subject to any tax now or subsequently levied, assessed, or imposed by the state of Rhode Island, or by any city, town, or other political subdivision of the state.
History of Section.
(P.L. 1956, ch. 3839, § 3; G.L. 1956, § 18-5-4; P.L. 1969, ch. 197, art. 7, § 2.)
Disclaimer: These codes may not be the most recent version. Rhode Island may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
