<?xml version='1.0' encoding='utf-8'?>
<section article="gtg" article_name="Tax - General" number="8-301" title_number="8" title_name="Franchise Taxes" subtitle_number="3" subtitle_name="Savings and Loan Association Franchise Tax">
  <level label="a">
    <text>For all taxable years beginning before January 1, 2001, a franchise tax, measured by deposits held in the State, is imposed, for each calendar year, on each savings and loan association.</text>
  </level>
  <level label="b">
    <text>For all taxable years beginning after December 31, 2000, the savings and loan association franchise tax is terminated.</text>
  </level>
</section>
