Chapter 14
Taxation of Banks

Index of Sections

§ 44-14-1. Short title.

§ 44-14-2. Definitions.

§ 44-14-3. Tax on state banks.

§ 44-14-4. Tax on national banks.

§ 44-14-5. Minimum tax.

§ 44-14-6. Filing of annual return.

§ 44-14-7. Extension of time for return.

§ 44-14-8. Statements, returns, and rules and regulations.

§ 44-14-9. Reports filed with banking and insurance division.

§ 44-14-10. “Net income” defined.

§ 44-14-11. “Gross income” defined.

§ 44-14-12. Gain or loss from disposition of securities.

§ 44-14-13. Business expenses deductible. [Effective until January 1, 2025.]44-14-13. Business expenses deductible. [Effective January 1, 2025.]

§ 44-14-14. Write-downs or reserves for security losses.

§ 44-14-14.1. Apportionment and allocation of income for purposes of taxation. [Effective until January 1, 2025.]44-14-14.1. Apportionment and allocation of income for purposes of taxation. [Effective January 1, 2025.]

§ 44-14-14.2. Definitions applicable to §§ 44-14-14.1 — 44-14-14.5.

§ 44-14-14.3. Receipts factor.

§ 44-14-14.4. Property factor.

§ 44-14-14.5. Payroll factor.

§ 44-14-15. Dividends excluded from income.

§ 44-14-16. Liability of fiduciaries.

§ 44-14-17. Exemption of intangible property and stock from taxation.

§ 44-14-18. Payment of tax.

§ 44-14-19. Examination and correction of returns — Refund or credit.

§ 44-14-19.1. Claims for refund — Hearing upon denial.

§ 44-14-19.2. Limitations on assessment.

§ 44-14-20. Interest on delinquent payments.

§ 44-14-21. Lien on real estate.

§ 44-14-22. Supplemental returns.

§ 44-14-23. Information confidential — Types of disclosure authorized.

§ 44-14-24. Power to summon witnesses.

§ 44-14-25. Service of summons.

§ 44-14-26. Enforcement of summons.

§ 44-14-27. Determination of tax without return.

§ 44-14-28. Pecuniary penalty for failure to file return.

§ 44-14-29. Pecuniary penalty for false return.

§ 44-14-30. Collection of pecuniary penalties.

§ 44-14-31. Examination of books and witnesses.

§ 44-14-32. Penalty for violations by banks.

§ 44-14-33. Penalty for violations by individuals.

§ 44-14-34. Penalty for failure to file return.

§ 44-14-35. Hearing on application by bank.

§ 44-14-36. Appeals.

§ 44-14-37. Collection by writ of execution.

§ 44-14-38. Severability.

§ 44-14-39. Combined reporting study. [Effective January 1, 2025.]