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Current as of January 01, 2024 | Updated by Findlaw Staff
An annual tax is imposed on every credit union with total deposits in excess of one hundred fifty million dollars ($150,000,000) at a rate of six and ninety-five one hundredths cents ($.0695) on each one hundred dollars ($100) of the daily average of the deposits with the credit union during the calendar year; for those credit unions with total deposits of one hundred fifty million dollars ($150,000,000) or less the rate shall be six and one-quarter cents ($.0625) on each one hundred dollars ($100) of the daily average of deposits with the credit union during the calendar year.
Cite this article: FindLaw.com - Rhode Island General Laws Title 44. Taxation § 44-15-1.2. Credit unions--Tax imposed - last updated January 01, 2024 | https://codes.findlaw.com/ri/title-44-taxation/ri-gen-laws-sect-44-15-1-2/
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