{"data":{"id":"us-ri/r.i.-gen.-laws-44-43-5","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 44-43-5","heading":"Exemption.","body":"To the extent that a long-term capital gain was included in the calculations of taxes imposed by chapters 11, 13, 14 or 30 of this title, that long-term capital gain shall be excluded. The long-term capital gain is the long-term capital gain as defined in 26 U.S.C. § 1222(3) which is:\n(1) Recognized by a partner in a certified venture capital partnership from the sale or exchange of an interest in the partnership; or\n(2) A partner’s distributive share (in a certified venture capital partnership) of any long-term capital gain recognized by the partnership from the sale or exchange of an interest in any entity which at the time the interest was acquired was a qualifying business entity; or\n(3) The long-term capital gain recognized by an entrepreneur from the sale or exchange of an interest in an entity, which at the time the interest was acquired was a qualifying business entity.","path":["Title 44 Taxation","Chapter 43 Tax Incentives for Capital Investment in Small Businesses"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE44/44-43/44-43-5.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T20:00:35Z","sha256":"1d9325f7f95d9eed7ad81f7d6f3e993102f29885d1115a0e68040b0912123a14","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-44-43-4","next":"us-ri/r.i.-gen.-laws-44-43-6"},"notice":"GroundRules: Original legal text. Not legal advice."}