§ 44-13-12 - Intangibles exempt from taxation – Corporation whose property is operated by another.

SECTION 44-13-12

   § 44-13-12  Intangibles exempt fromtaxation – Corporation whose property is operated by another. – Except as provided in any act of incorporation, the intangible property of anycorporation liable to a tax under this chapter and the intangible property andgross earnings of any corporation the property of which is operated in thisstate by the first corporation shall be exempt from taxation.