TITLE 48 REVENUE AND TAXATION

Section 6. Taxation of Intangibles, 48-6-1 through 48-6-98.

ARTICLE 4 TAXATION OF FINANCIAL INSTITUTIONS

48-6-94. Rate of taxation of moneyed capital competing with national banks.

All moneyed capital in the hands of individual citizens of this state coming into competition with the business of national banks shall be subject to taxation at the rate applicable to the national banks.

(Ga. L. 1937-38, Ex. Sess., p. 156, § 3; Ga. L. 1973, p. 924, § 3; Ga. L. 1976, p. 405, § 2; Code 1933, § 91A-3305, enacted by Ga. L. 1978, p. 309, § 2.)