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.
Exemption of securities from taxation
R.I. Gen. Laws § 44-13-14., under Chapter 44-13 Public Service Corporation Tax.
R.I. Gen. Laws § 44-13-14.