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Arizona Arizona Revised Statutes

§ 6-1501 — Method of taxing national banking associations

ARS § 6-1501Title 6. Banks and Financial Institutions · Ch. 15. TAXES ON FINANCIAL INSTITUTIONS · Art. 1. General Provisions

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6-1501. Method of taxing national banking associations A. Each national banking association: 1. Shall be taxed on its net income under title 43. 2. Is subject to all other taxes that are authorized by 12 United States Code section 548 and that are levied or imposed by this state or any political subdivision of this state. B. The allowable cost factor that is attributable to exempt income from United States government obligations and municipal bonds shall be determined pursuant to section 43-961, paragraph 2.

Source: Arizona Arizona Revised Statutes § 6-1501 from the Arizona Revised Statutes (Arizona State Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.