Penalty provision scope broadened: inclusion of "loan or deposit" extends penalty applicability to loans under the tax provision. The amendment substitutes the word "deposit" with "loan or deposit" in the operative clause of the penalty subsection, thereby bringing loans within the ... Summary
Penalty provision scope broadened: inclusion of "loan or deposit" extends penalty applicability to loans under the tax provision.
The amendment substitutes the word "deposit" with "loan or deposit" in the operative clause of the penalty subsection, thereby bringing loans within the same penalty framework previously applicable only to deposits; the substitution operates prospectively from the statutory effective date specified in the amendment.
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