§ 7-7-21 - Annual tax.
SECTION 7-7-21
§ 7-7-21 Annual tax. – Each association organized under the provisions of this chapter shall pay tothe state an annual tax of five dollars ($5.00) which shall be assessed by thetax administrator at the same time and in the same manner, and is due andpayable to, and may be collected by, the general treasurer at the same time andin the same manner as the annual corporation franchise tax provided for by§ 44-12-1 is assessed, due, payable, and collected; and the association isexempt from all state taxes except the one prescribed in this section.