Rhode Island General Laws Title 44. Taxation § 44-43-5. Exemption

(1) Recognized by a partner in a certified venture capital partnership from the sale or exchange of an interest in the partnership; or

(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

(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.