INCOME TAX ON BANKS AND FINANCIAL CORPORATIONS
Definition of terms.
Tax imposed on financial institutions.
Tax imposed on national banks, production credit and savings and loan associations.
Time of liability for tax--Rate of tax--Minimum.
Income tax in lieu of other taxes.
10-43-6 to 10-43-10. Repealed.
Net income defined.
Other taxable income.
Subtractions from taxable income.
Carryover of net operating losses or capital losses not deductible.
10-43-12 to 10-43-22. Repealed.
Tax limited to income from business within state--Formula for net income
Valuation of property owned or rented--Net annual rental rate.
Average value determination.
Compensation paid in state--Service entirely or partially within state.
Compensation paid in state--Some service performed in state.
Interest, discount, and net gain from loans as part of receipts factor.
Fees, commissions, service charges, and other receipts as part of receipt factor.
Property rental receipts attributable to state if property in-state.
Interests, dividends, and net gains from securities transactions attributable to state.
Receipts from securities used to maintain reserves against deposits.
Receipts from securities held or pledged for public or trust funds.
Affiliated service income as a factor in net income apportionment formula.
Affiliated service income defined.
10-43-26 to 10-43-29. Repealed.
Alternative apportionment methods available.
Estimated tax payments--Time for filing annual return--Interest and penalty on
underpayment and delinquency.
Extension of time to file return--Request for federal extension and payment of
Preparation and distribution of income tax forms.
Jeopardy assessment of income tax--Distress warrant or lien if tax not paid.
Execution of corporate return--Final return on dissolution.
Consolidated report for affiliated corporations--Contents.
10-43-38 to 10-43-42. Repealed.
Administration of chapter by secretary of revenue--Promulgation of rules.
Records kept by taxpayers--Inspection by secretary--Out-of-state records.
, 10-43-45. Repealed.
False or fraudulent return or information with intent to evade legal requirements as
Time of examination of return and determination of tax by secretary--Payment of
excess found due.
Time for determination of tax on failure to file return or list income--Time of
Time allowed for determination of tax after fraudulent return--Time for payment.
, 10-43-53. Superseded.
Payments credited first to penalty and interest.
Refund and interest on overpayments.
to 10-43-59. Repealed.
Appeal to Supreme Court.
Interest payable on extension of time for filing return.
Action for collection of tax--Exemptions from execution restricted to statutory
Tax lien on property of taxpayer.
Index of income tax liens maintained by register of deeds--Contents.
Notice of lien filed with register of deeds--Contents.
Endorsement and preservation of notice of lien--Indexing and recording.
Recording of satisfaction of tax in lien record.
Distress warrant on property subject to lien--Seizure and sale of property--Compensation of sheriff.
Endorsement and return of uncollectible distress warrant.
Personal liability of county officers for failure to issue or execute distress warrant.
Tax payment as condition precedent to doing business--Injunction against
continuation in business by delinquent taxpayer.
Deposit by financial institution to be applied toward future tax liability--Remission
Percentage of proceeds retained by state--Payment of remainder to counties--Branch
office remittances kept separate.
Apportionment of tax proceeds among taxing subdivisions--School districts--Support
QUEST entity subject to tax.
to 10-43-81. Repealed.
Designation and certification for QUEST entity.
to 10-43-87. Repealed.
Financial institution authorized to engage in trust business.
Tax on financial institutions engaging in trust business.
Determining minimum tax imposed upon financial institutions engaged in the trust
Tax on trustee of extended term trust.
Extended term trust defined.
Entities exempt from payment of tax.