Rhode Island § 44-15-1.2 § 44-15-1.2. Credit unions — Tax imposed.

Rhode Island Statutes

§ 44-15-1.2 — § 44-15-1.2. Credit unions — Tax imposed.

Rhode Island § 44-15-1.2

Title 44Taxation

Ch. 44-15Tax on Bank Deposits Generally

This text of Rhode Island § 44-15-1.2 (§ 44-15-1.2. Credit unions — Tax imposed.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 44-15-1.2 (2026).

Text

§ 44-15-1.2. Credit unions — Tax imposed.
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.
         

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§ 44-15-1.2. Credit unions — Tax imposed.

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.