CODE OF VIRGINIA

FRANCHISE TAX EXEMPTION (§ 6.2-1304)

All credit unions organized under the laws of the Commonwealth and doing
business purely as credit unions shall be exempt from the payment of any
franchise tax.

HISTORY: Code 1950, § 6-233; 1966, c. 584, § 6.1-225; 1990, c. 373, §
6.1-225.63; 2010, c. 794.