(A) The rate of the franchise tax imposed on financial institutions shall be twenty-five thousandths of one percent (0.025%) of the deposits located in the jurisdiction of Kenton 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 has been utilized in prior periods.
(Ord. 225.09, passed 9-10-96)