Virginia

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  • 58.1: Taxation
  • I: Taxes Administered By The Department Of Taxation
  • 12: Bank Franchise Tax

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

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