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TABLE B-6.-STATUS OF STATE TAXATION OF OUT-OF-STATE BANKS AND OTHER FINANCIAL INSTITUTIONS AS OF NOV. 15, 1970

Measure of tax

Net income or receipts 1

3.412 Mutual savings banks..

Kind of business (with corresponding

questionnaire number)

3.411 State banks (commercial). AL, AZ, AR, CA, CT, HI, ID, IL, ME, MD, MA, MN, MO, IN and WA (2). NE, NM, NY, NC, ND, OR, SC, SD, TN, UT, WI, and PR (25).

AL, AZ, ÁR, CA, CT, HI, ID, IL, IA, ME, MD, MA, MN, IN and WA (2). MO, NE, NM, NY, NC, OR, SC, SD, TN, UT, WI, and PR (25).

Gross income or premiums 2

Capital stock 3

Value of assets used in State

Intangibles 4

Other 5

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3.413 Savings and loan associa- AL, AZ, AR, CA, CT, HI, ID, IL, ME, MD, MA, MN, MO,
tions.
MT, NE, MN, NY, NC, ND, OK, OR, SC, SD, UT, and
WI (25).
AL, AZ, CA, IL, KY, MD, MA, MN, MO, MT, NM, OK,
OR, SD, TN, and WI (16).

IN, TN, and WA (3).. MA, MT, NC, OH, and WV (5).

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3.414 Credit unions.

3.415 Sales finance companies. AL, AZ, AR, CA, CT, DC, GA, HI, ID, IL, IN, IA, KS,
KY, ME, MD, MA, MI, MN, MS, MO, MT, NE, NM,
NY, NC, ND, OK, OR, PA, RI, SC, SD, TN, UT, VA,
WI, and PR (38).

3.416 Small loan companies... AL, AZ, AR, CA, CT, DC, GA, HI, ID, IL, IN, IA, KS,
KY, ME, MD, MA, MI, MN, MS, MO, MT, NE, NM,
NY, NC, ND, OK, OR, PA, RI, SC, SD, TN, UT, VA,
WI, and PR (38).

3.417 Commercial finance

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AL, AZ, AR, CA, CT, DC, GA, HI, ID, IL, IN, IA, KS,
KY, ME, MD, MA, MI, MN, MS, MO, MT, NE, NM,
NY, NC, ND, OK, OR, PA, RI, SC, SD, TN, UT, VA,
WI, and PR (38).

AL, AZ, AR, CA, CT, DC, GA, HI, ID, IL, IN, IA, KY,
ME, MD, MA, MI, MN, MS, MO, MT, NE, NY, NC, ND.
OK, OR, PA, RI, SC, SD, TN, UT, and PR (34).
AL, AZ, AR, CA, CT, DC, GA, HI, IL, IN, IA, KS, KY,
ME, MA, MI, MN, MS, MO, MT, NE, NJ, NY, NC, ND,
OK, OR, PA, RI, SC, SD, TN, UT, WI, and PR (36).
IL, MN, MS, NE, SD, and PR (6)

AL, AZ, AR, CA, CT, DC, GA, HI, ID, IL, IA, KS, KY,
ME, MD, MA, MI, MN, MS, MO, MT, NE, NJ, NM,
NY, NC, ND, OK, OR, PA, RI, SC, SD, TN, UT, VA,
WI and PR (38).

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IN, MI, MO,

and NC (4).

IN, MO, and
NC (3).

FL, MI, MO,

and NC (4).

FL, MI, MO,

and NC (4).

and NC (4).

FL, MI, and NC (3).

FL, ID, MD, MN, MS, NE, TX, and WY (8).

FL, ID, MD, MN, MS, NE, TX,
and WY (8).

DC, FL, ID, ND, MN, MS, NE,
TX, VA, and WY (10).

FL, ID, MD, MN, NE, TX, VA,
and WY (8).

DC, FL, ID, KS, MD, MN,

MS, NE, NC, TX, and WY (11).

DC, FL, ID, KS, MD, MN, MS, NE, NC, TX, and WY(11).

DC, FL, HI, ID, KS, MD, MN,
MS, NE, NC, TX, VA, and
WY (13).

DC, FL, HI, ID, MD, MN, NE,
NC, TX, and WY (10).

DC, FL, HI, ID, KS, MD, MN,
NE, NC, OH, TX, WA, and
WY ( (13).

FL, KS, MS, NE, TX, and
WY (6).

ID, IA, KY, MT, OK, and TX (6),

FL, MI, MO,

and NC (4).

DC, FL, ID, MD, MN, NE, NC, TX, and WY (9).

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TABLE B 7. BASIS OF JURISDICTION FOR TAXATION OF OUT-OF-STATE BANKS AND OTHER FINANCIAL INSTITUTIONS NOVEMBER 15, 1970

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3.411 state banks..

27

19

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MN, NM, NY, NC, VA, WA, WV, and
AL, AZ, DC, GA, ID, IL, KY, ME, MD, MI,
WI (18).

3.411 to 3.413 banks and savings and loans.

NC, WV, and OH (3)

3,414 credit unions.

3

OH (1)

All other except insurance companies.

8

FL, OH, and MI (3)

Tax on value of assets used in State:

3.411 to 3,413 banks and savings and loans.

3.414 credit unions.

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AL, AZ, CA, ID, IN, IL, ME, MD, MN, NM,
NC, WA, and WI (13).

AL, AZ, ID, IN, IL, ME, MD, MN, NM, WA,
and WI (11).

AL, AZ, ID, IN, IL, ME, MD, MN, NM, NC,
WA, and WI (12).

WI (10).
AL, AZ, IL, KY, IN, MD, MN, NM, WV, and

AL, AZ, DC, GA, ID, IL, IN, KY, ME, MD,
MI, MN, NM, NY, NC, VA, WA, WV, and
WI (19)

AL, AZ, DC, GA, ID, IL, IN, KY, ME, MD,
MI, MN, NM, NY, NC, WA, and WI (17),
AL, AZ, DC, GA, ID, IL, IN, KY, ME, MI,
MN, NM, NC, WA, WV, and WI (16).
IL, GA, MI, MN, NM, WA, and WV (7)

ID and MI (2)
ID and KY (2)

ID, TX, and KY (3)

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CA, GA, IL, IA, ME, MT, NJ, NY, NC, ND, AZ, DC, MO, and NC (4).
OK, OR, and SC (13).

CA, GA, HI, IL, ME, MT, NJ, NY, NC, ND,
OK, OR, and SC (13)

CA, GA, HI, IL, ME, MT, NJ, NC, ND, OK,
OR, and SC (12).

CA, FL, GA, H, IL, IN, NC, ND, OH, OK,
SC, and TX (12).

CA, GA, HI, IL, IN, ME, MT, NJ, NY, NC,
ND, OK, OR, and SC (14).

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IL, ME, NJ, NY, ND, OR, and SC (7)

CA, IL, ME, NY, ND, OR, and SC (7).

3.414 credit unions.

3

NC (1)

All other except insurance companies.

MI and NC (2)

IN and MO (2)

MO 11 (1)

3.421, 3.422 insurance companies.

3

NC (1)

License and franchise taxes:

3.411 to 3.414 banks, savings and loans, credit 3.

VA (1)..

unions,

3.415 to 3.417 loan and finance companies.,

KS, NC, and VA (3)
NC (1).

FL and MO (2)

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Refers to savings and

Refers to insurance companies as well.
Excludes leasing companies.

only.

compare businesses investment companies.

KS and NC (2)..

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NC (1).

NC (1).

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NĆ (1).

savings banks.

Excludes factors and leasing companies,

13 Refers to securities brokers only.

14 Excludes mortgage compani

Excludes mortgage companies and small busin

Note: For

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TABLE B-8.-STATE PRACTICE REGARDING INTERSTATE DIVISION OF THE TAX BASE IN TAXING OUT-OF-STATE BANKS AND OTHER FINANCIAL INSTITUTIONS

Interstate division of tax base permitted or required, for taxed businesses In some cases but not in others 1

In no cases

AL, CA, GA, IA, KY, ME, MA, NY, NC, MS and MO (2). PA, TN, UT and VA (13).

Measure of tax

In all cases 1

ures.

Other tax measures.

Net income, or that plus other tax meas- AZ, CT, DC, HI, ID, IL, MD, MN, MT,
NE, NM, ND, OK, OR, RI, SC, SD,
WI and PR (19).
IN, NJ, OH and WA (4).

MI and TX (2).

Tota!

(23).

(15).

No answer

FL, KS, WV and WY (4). (6).

AK, AR, CO, DE, LA, NV, NH, VT and, VI (9).

1 Some respondents specified that their answers were only for incorporated enterprises. Note: For key to 2-letter abbreviations of State names, see above, p. 111.

2 Allocation permitted where a corporation has a regular place of business outside the State.

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