Rhode Island § 28-17-3 - Employees’ Trusts
Full text of Rhode Island Rhode Island General Laws § 28-17-3 — Employees’ Trusts, with citation guidance and answers to common questions.
§ 28-17-3. Employees’ Trusts
R.I. Gen. Laws § 28-17-3
§ 28-17-3. Tax exemption.
The intangible personal property held in any employees’ trust as defined in § 28-17-1 shall be exempt from all sales and use taxes and all other state and local taxation so long as it is held in trust and used for the purposes of the trust and of the plan of which the trust forms a part. The right of any employee or beneficiary under the plan to any pension, annuity, or retirement allowance or to the return of contributions, and any other benefit or right accrued or accruing to any person under the terms of the trust or plan shall be exempt from all local taxation and state taxation except for the personal income tax imposed under the provisions of chapter 30 of title 44.
History of Section.
P.L. 1943, ch. 1346, § 3; G.L. 1956, § 28-17-3; P.L. 1963, ch. 192, § 1; P.L. 1967,
ch. 196, § 1; P.L. 1985, ch. 496, art. 2, § 1.
Frequently Asked Questions About Rhode Island § 28-17-3
What does Rhode Island General Laws § 28-17-3 cover?
Section 28-17-3 ("Employees’ Trusts") is part of the Rhode Island General Laws, the codified statutory law of Rhode Island. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Rhode Island § 28-17-3?
A common citation format is "Rhode Island General Laws § 28-17-3" (Rhode Island). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Rhode Island law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Rhode Island official source linked on this page or consult a licensed Rhode Island attorney.
How does Rhode Island § 28-17-3 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Rhode Island can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Rhode Island.