Private banks or bankers not incorporated shall pay a tax of $500 per annum. Every person, firm, company, or association not incorporated having a place of business where credits are opened by the deposit or collection of moneys or currency subject to be paid or remitted upon draft, check, or order, or where money is advanced or loaned on stocks, bonds, bullion, bills of exchange, or promissory notes, or where stocks, bonds, bills of exchange, or promissory notes are received for discount or for sale, shall be regarded as a private bank or banker.
(July 1, 1902, 32 Stat. 621, ch. 1352, § 6, par. 14; enacted, Apr. 9, 1997, D.C. Law 11-254, § 2, 44 DCR 1575.)
1981 Ed., § 47-2503.
1973 Ed., § 47-1706.
Structure District of Columbia Code
Title 47 - Taxation, Licensing, Permits, Assessments, and Fees. [Enacted title]
Chapter 25 - Financial Institution, Guaranty Company, and Public Utility Taxes
§ 47–2501. Gas, electric lighting, telephone, telecommunications, and heating oil companies
§ 47–2501.01. Television, video, or radio service to subscribers or paying customers
§ 47–2502. Bonding, title, guaranty and fidelity companies
§ 47–2504. Washington Stock Exchange
§ 47–2506. Payment of tax by private banks and note brokers
§ 47–2507. Transitional rules for taxing financial institutions
§ 47–2508. Applicability of acts of Congress to national banks in the District of Columbia
§ 47–2509. Declaration and payment of estimated tax
§ 47–2510. Personal property tax provisions applicable to financial institutions
§ 47–2513. Rules and regulations
§ 47–2514. Real property tax provisions applicable to financial institutions