[§241-4.3]  Alternative tax. Section 1201 (with respect to alternative tax for corporations) of the InternalRevenue Code shall be operative for the purposes of this chapter and shall beapplied as set forth in this section.  If for any taxable year a bank, buildingand loan association, development company, financial corporation, financialservices loan company, small business investment company, mortgage loancompany, financial holding company, or trust company has a net capital gain,then, in lieu of the tax imposed by section 241-4, there is hereby imposed atax (if such tax is less than the tax imposed under section 241-4) which shallconsist of the sum of:

(1)  A tax computed on the taxable income reduced bythe amount of the net capital gain, at the rates and in the manner as if thissection had not been enacted; plus

(2)  Four per cent of the net capital gain for thetaxable year. [L 1992, c 106, §9]