§ 44-14-2 - Definitions.
SECTION 44-14-2
§ 44-14-2 Definitions. – For the purposes of this chapter:
(1) "Administrator" means the tax administrator in thedepartment of revenue appointed under the provisions of § 44-1-1;
(2) "Banking institution" means every state bank, federalsavings bank, trust company, national banking association, mutual savings bank,building and loan association, and loan and investment company, but shall notinclude a credit union, or a corporation specified in § 44-11-1(1)(vii);
(3) "Director" means the head of the department of revenueappointed under the provisions of § 42-142-1;
(4) "Income period" means the calendar year or the fiscalyear, or portion, next preceding the taxable year;
(5) "Securities" includes, but shall not be limited to:
(i) Shares of stock or certificates of beneficial interest,or rights to buy the shares or certificates, of a corporation, joint-stockcompany, association, or business trust;
(ii) Bonds, debentures, notes, certificates, or otherevidences of indebtedness of any individual, partnership, corporation,joint-stock company, association, or business trust, including those issued bythe United States government or any state, or political subdivision of either,or issued by any foreign country or nation or political subdivision thereof;
(6) "Taxable year" means the calendar year in which the taxis payable or fiscal year ending during that calendar year, upon the basis ofwhich the tax is computed under this chapter. "Taxable year" means, in the caseof a return made for a fractional part of the year under provisions of thischapter or under regulations prescribed by the tax administrator, the periodfor which the return is made. The term "fiscal year" means an accounting periodof twelve (12) months ending on the last day of any month other than December.The taxable year of a banking institution shall be the same for purposes ofthis chapter as it is for federal income tax purposes;
(7) "Taxpayer" means any banking institution subject to anytax imposed by this chapter.