Section 8-208 - Tax Credit -- for Tax Paid to Other State

A savings bank or savings and loan association doing business outside this State may claim a credit against the financial institution franchise tax equal to the amount paid to another jurisdiction as: (1) a tax based on savings accounts or saving share accounts bought in this State; (2) a tax on gross receipts from business done in this State; or (3) a tax on income derived from business done in this State.