Domestic banks must be taxed upon the same basis only as banks organized and existing
under and by virtue of the laws of the United States of America, it being the purpose,
design, and intent of this section to place state banks in a position of parity and
equality with national banks in matters of taxation.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.