47fa

___________________ moved that SB 47 be amended as follows:

     On page 3, after line 9 of the printed bill, insert:

"
     Section 5. That § 10-43-76 be amended to read as follows:

     10-43-76.   Upon the receipt of the funds referred to in this chapter, the secretary of revenue and regulation shall deposit ninety-five percent of the taxes paid by banks organized under §§  51-16-40 to 51-16-44 51A-2-38 to 51A-2-43 , inclusive, and twenty-six and two-thirds percent of all other revenue to the general fund. The secretary of revenue and regulation shall remit the remainder, on or before February first of each year, to the county treasurer of the county wherein is situated the bank or financial institution remitting the tax. However, the remittance of tax from all branch banks, branch offices, or branches of other financial institutions subject to this tax shall be separated from the remittance of the parent bank or financial institution and shall be remitted to the county treasurer of the county wherein said branch bank, branch office, or financial institution is located. ".