Telecommunication Sales Tax Exemption
Regulated investment companies with at least 500 full-time equivalent employees are exempt from the sales and use tax imposed on toll-free terminating telecommunication service. An eligible company is a regulated investment company or a corporation to the extent such service is provided, directly or indirectly, to or on behalf of a regulated investment company, and employee benefit plan, a retirement plan or a pension plan.
- RI General Law: http://www.rilin.state.ri.us/Statutes/TITLE44/44-18/44-18-30.HTM
Jean Robertson