§ 44-15-1.2 - Credit unions – Tax imposed.
SECTION 44-15-1.2
§ 44-15-1.2 Credit unions – Taximposed. – An annual tax is imposed on every credit union with total deposits in excess ofone hundred fifty million dollars ($150,000,000) at a rate of six andninety-five one hundredths cents ($.0695) on each one hundred dollars ($100) ofthe daily average of the deposits with the credit union during the calendaryear; for those credit unions with total deposits of one hundred fifty milliondollars ($150,000,000) or less the rate shall be six and one-quarter cents($.0625) on each one hundred dollars ($100) of the daily average of depositswith the credit union during the calendar year.