Bank Deposits Tax (280-RICR-20-05-1)


280-RICR-20-05-1 INACTIVE RULE

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Title 280 Department of Revenue
Chapter 20 Division of Taxation
Subchapter 05 Banks
Part 1 Bank Deposits Tax (280-RICR-20-05-1)
Type of Filing Amendment
Regulation Status Inactive
Effective 10/03/2017 to 10/03/2017

Regulation Authority:

R.I. Gen. Laws §§ 44-15-17 and 44-1-4.

Purpose and Reason:

This amendment is prepared in the new Rhode Island Code of Regulations format, and reflects a 1998 change in the rate of tax on Banking Institution to a rate of zero, and also in sub-part 1.6 removes the exclusion for deposits loaned to members.