South Dakota Is the Location for Many National Banks' Credit

Multiple Choice

South Dakota is the location for many national banks' credit card operations.How much income tax could the state of South Dakota collect on the banks that operate their credit card divisions there?

A) South Dakota could collect tax on the banks' full income.
B) South Dakota cannot collect income tax unless the banks are headquartered or incorporated there.
C) South Dakota cannot collect any income tax from foreign corporations.
D) South Dakota can collect income taxes from earnings on the credit card operations.