(A) The rate of the franchise tax imposed on financial institutions shall be twenty-five thousandths of one percent (0.00025%) of the deposits located in the jurisdiction of the county.
(B) The amount and location of deposits in the financial institutions shall be determined by the method used for filing the summary of deposits report with the Federal Deposit Insurance Corporation.
(C) The accounting method used to allocate deposits for completion of the summary of deposits shall be the same as had been utilized in prior periods.
(Prior Code, § 27.202) (Ord. 96-22, passed 12-17-1996)