§ 44-15-1. Definitions. Whenever used in this chapter: (1) “Banking institution” means and includes a national banking association with its principal office or a branch located within the limits of this state, a state bank, trust company, savings bank (state or federal), building and loan association, and savings and loan association (state or federal), and […]
§ 44-15-1.1. “Credit Unions” and “deposits” defined. Whenever used in this chapter: (1) “Credit union” means and includes a credit union with its principal place of business or a branch of the credit union in this state. (2) “Deposits” means and includes: (i) Shares of stock, either fully or partly paid, plus deposits or time […]
§ 44-15-1.2. Credit unions — Tax imposed. An annual tax is imposed on every credit union with total deposits in excess of one hundred fifty million dollars ($150,000,000) at a rate of six and ninety-five one hundredths cents ($.0695) on each one hundred dollars ($100) of the daily average of the deposits with the credit […]
§ 44-15-10. Examination of books and witnesses. The tax administrator, for the purpose of ascertaining the correctness of any return or for the purpose of determining the amount of any tax imposed by this chapter, may, by any of the administrator’s officers or employees designated by him or her for that purpose, examine any books, […]
§ 44-15-11. Penalty for violations by banks. Whenever any banking institution or credit union delivers or discloses or causes to be delivered or disclosed to the tax administrator any false or fraudulent return, account, or statement, with intent to defeat or evade any tax imposed under this chapter, or being summoned to appear to testify […]
§ 44-15-12. Penalty for violations by individuals. Whenever any person delivers or discloses or causes to be delivered or disclosed to the tax administrator any false or fraudulent return, account, or statement, with intent to defeat or evade any tax imposed under this chapter, or being summoned to appear to testify or to appear and […]
§ 44-15-13. Penalty for failure to file return. If any return or statement required to be made under the provisions of this chapter is not made within the time fixed or extended, the corporation or association or any officer or agent of the corporation neglecting or refusing to make the return or statement shall be […]
§ 44-15-14. Hearing on application by bank. Any banking institution or credit union aggrieved by the action of the tax administrator in determining the amount of any tax when no return has been filed, or any additional tax or penalty imposed under the provisions of this chapter, may apply to the tax administrator, in writing, […]
§ 44-15-15. Appeals. Appeals from administrative orders or decisions made pursuant to any provisions of this chapter shall be to the sixth (6th) division district court pursuant to chapter 8 of title 8. The taxpayer’s right to appeal under this section shall be expressly made conditional upon prepayment of all taxes, interest, and penalties unless […]
§ 44-15-16. Collection by writ of execution. (a) If any tax or penalty imposed by this chapter shall not be paid within thirty (30) days after the tax or penalty is due and payable, the tax administrator, in addition to any other powers provided by law, may petition the sixth (6th) division of the district […]
§ 44-15-17. Rules and regulations. The tax administrator, with the approval of the director of revenue, may prescribe rules and regulations that he or she deems necessary for the administration and the enforcement of this chapter. History of Section.P.L. 1942, ch. 1212, art. 8, § 3; impl. am. P.L. 1951, ch. 2727, art. 1, § […]
§ 44-15-18. Severability. If any provision of this chapter or the application of this chapter to any banking institution or credit union or circumstance is held invalid, the remainder of this chapter and the application of the provisions to the other banking institutions or credit unions or circumstances shall not be affected. History of Section.P.L. […]
§ 44-15-19. Repealed. History of Section.P.L. 1977, ch. 152, § 1; Repealed by P.L. 1995, ch. 323, § 31, effective July 5, 1995.
§ 44-15-2. Banking institutions — Tax imposed. (a) An annual tax is imposed on every banking institution at the rate of six and ninety-five one hundredths cents ($.0695) for those banking institutions with total deposits in excess of one hundred fifty million dollars ($150,000,000) and at the rate of six and one-quarter cents ($.0625) for […]
§ 44-15-3. Repealed. History of Section.G.L. 1938, ch. 40, § 2; P.L. 1943, ch. 1342, § 1; P.L. 1944, ch. 1467, § 1; P.L. 1946, ch. 1801, § 1; P.L. 1947, ch. 1940, § 1; G.L. 1956, § 44-15-5; G.L. 1956, § 44-15-3; P.L. 1958, ch. 166, § 1; P.L. 1968, ch. 263, art. 13, […]
§ 44-15-4. Credit for franchise tax. There shall be credited against any tax payable by any building and loan association or savings and loan association under the provisions of this chapter, the amount of any corporation franchise tax paid by it in the same year. History of Section.P.L. 1942, ch. 1212, art. 8, § 4; […]
§ 44-15-5. Filing of return and reports — Determination and collection of tax — Interest on delinquencies. (a) Each banking institution or credit union, on or before June 15 in each year, shall file a return with the tax administrator in the form and containing the information as he or she shall prescribe, and shall […]
§ 44-15-5.1. Claims for refund — Hearing upon denial. (a) Any taxpayer may file a claim for refund with the tax administrator at any time within two (2) years after the tax has been paid. If the tax administrator shall determine that the tax has been overpaid, he or she shall make a refund with […]
§ 44-15-6. Determination of tax without return. If any banking institution or credit union fails to file a return at the time prescribed by law, the tax administrator shall proceed to determine the tax from any information he or she can obtain. History of Section.G.L. 1956, §§ 44-15-5-A, 44-15-6; P.L. 1960, ch. 59, § 1; […]
§ 44-15-7. Pecuniary penalty for failure to file report. In case of any failure to file a return within the time prescribed by law, there shall be added to the tax five percent (5%) if the failure is for not more than thirty (30) days with an additional five percent (5%) for each additional thirty […]
