CODE OF VIRGINIA

AUDITING OF RETURNS (§ 58.1-1214)

The Department of Taxation may audit returns as the Commissioner deems necessary
for the proper enforcement of the tax levied by this chapter. The Department
shall correct all errors discovered by such audit and notify the bank concerned
in each case. In case of an adjustment, it shall also notify every political
subdivision imposing a tax against the bank for which the bank claimed a credit
against the state tax under § 58.1-1213.

HISTORY: Code 1950, § 58-485.016; 1980, c. 578; 1984, c. 675.