ARSD § 64:26:02:12 — Apportionment of bank franchise tax revenues among counties

64:26:02:12. Apportionment
of bank franchise tax revenues among counties. T he tax remittances
for the branches of depository institutions shall be distributed to each county
pro rata based on the relationship the deposits at all branches in each county
bear to the total deposits of the institution. The deposit information upon
which this distribution is based is the
deposit information filed with the Federal Deposit Insurance Corporation on
June 30 of the
tax
year for which the tax
return is being
filed .
The tax remittances from non-depository institutions shall be distributed pro
rata based on the relationship net profits at all branches in each county bear
to the total net profits of the non-depository institution.