Bank Franchise Tax
This is Chapter 12 of the Code of Virginia, titled “Bank Franchise Tax.” It is part of Title 58.1, titled “Taxation.” It is part of Subtitle I, titled “Taxes Administered By The Department Of Taxation.” It’s comprised of the following 19 sections.
- § 58.1-1200
- Title
- § 58.1-1201
- Definitions
- § 58.1-1202
- Bank capital assessable
- § 58.1-1203
- Real and leased tangible personal property of banks to be assessed as other real and personal property
- § 58.1-1204
- Rate of tax
- § 58.1-1204.1
- Proration for new banks
- § 58.1-1205
- Computation of net capital
- § 58.1-1206
- Deductions from gross capital
- § 58.1-1207
- Filing of return and payment of tax
- § 58.1-1208
- City tax
- § 58.1-1209
- Town tax
- § 58.1-1210
- County tax
- § 58.1-1211
- Branch banks
- § 58.1-1212
- Record of deposits through branches required
- § 58.1-1213
- Credit against state tax for amounts paid cities, towns and counties
- § 58.1-1214
- Auditing of returns
- § 58.1-1215
- Banks in liquidation
- § 58.1-1216
- Penalty upon bank for failure to comply with chapter
- § 58.1-1217
- State banks and national banks treated the same in matter of taxation