§ 44-39.3-1. Exclusion for qualifying options. For purposes of determining the federal income tax liability of a taxpayer subject to Rhode Island income tax, the Rhode Island income of the taxpayer under §§ 44-30-12 and 44-30-16 shall be determined by excluding any income, gain, or preference items resulting from the sale, transfer, or exercise of […]
§ 44-39.3-2. Residency. A qualifying taxpayer is a resident of Rhode Island who has been employed at a location in Rhode Island for at least three (3) consecutive months as a full-time employee of a qualifying corporation in accordance with corporate policy, and the estate, heirs and successors of that individual. History of Section.P.L. 1997, […]
§ 44-39.3-3. Qualifying corporation. (a) A qualifying corporation is any corporation that: (1) Annually elects (in a manner that may be determined by the tax administrator) to be a qualifying corporation; (2) Has at least ten (10) full-time equivalent active employees in this state; and (3) Is engaged principally in one or more of the […]
