{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/58.1-1217.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/58.1-1217.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/58.1-1217.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/58.1-1217.html"}],"law_id":370971,"edition_id":2,"section_id":370971,"structure_id":52827,"section_number":"58.1-1217","catch_line":"State banks and national banks treated the same in matter of taxation","history":"Code 1950, \u00a7 58-485.03; 1980, c. 578; 1984, c. 675.","full_text":"In the event that any state or local tax is held by a court of competent jurisdiction to be invalid in its application to national banks, as a class, such tax shall not thereafter be assessed against state banks.\n\n","order_by":null,"text":{"0":{"id":1383774,"text":"In the event that any state or local tax is held by a court of competent jurisdiction to be invalid in its application to national banks, as a class, such tax shall not thereafter be assessed against state banks.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":52827,"edition_id":2,"name":"Bank Franchise Tax","identifier":"12","label":"chapter","depth":3,"order_by":13,"parent_id":52818,"metadata":{"child_laws":19,"child_structures":0},"date_created":"2026-08-02 03:06:27","date_modified":"2026-08-02 12:35:57","permalink":{"id":1479451,"object_type":"structure","relational_id":52827,"identifier":"12","token":"58.1\/I\/12","url":"\/58.1\/I\/12\/","edition_id":2,"permalink":0,"preferred":1}},{"id":52818,"edition_id":2,"name":"Taxes Administered by the Department of Taxation","identifier":"I","label":"subtitle","depth":2,"order_by":2,"parent_id":52815,"metadata":{"child_laws":762,"child_structures":68},"date_created":"2026-08-02 03:06:17","date_modified":"2026-08-02 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12:35:49","permalink":{"id":1478961,"object_type":"structure","relational_id":52815,"identifier":"58.1","token":"58.1","url":"\/58.1\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":370953,"structure_id":52827,"section_number":"58.1-1200","catch_line":"Title","url":"\/58.1-1200\/","token":"58.1\/I\/12\/58.1-1200","metadata":false},{"id":370954,"structure_id":52827,"section_number":"58.1-1201","catch_line":"Definitions","url":"\/58.1-1201\/","token":"58.1\/I\/12\/58.1-1201","metadata":false},{"id":370955,"structure_id":52827,"section_number":"58.1-1202","catch_line":"Bank capital assessable","url":"\/58.1-1202\/","token":"58.1\/I\/12\/58.1-1202","metadata":false},{"id":370956,"structure_id":52827,"section_number":"58.1-1203","catch_line":"Real and leased tangible personal property of banks to be assessed as other real and personal property","url":"\/58.1-1203\/","token":"58.1\/I\/12\/58.1-1203","metadata":false},{"id":370958,"structure_id":52827,"section_number":"58.1-1204","catch_line":"Rate of tax","url":"\/58.1-1204\/","token":"58.1\/I\/12\/58.1-1204","metadata":false},{"id":370957,"structure_id":52827,"section_number":"58.1-1204.1","catch_line":"Proration for new banks","url":"\/58.1-1204.1\/","token":"58.1\/I\/12\/58.1-1204.1","metadata":false},{"id":370959,"structure_id":52827,"section_number":"58.1-1205","catch_line":"Computation of net capital","url":"\/58.1-1205\/","token":"58.1\/I\/12\/58.1-1205","metadata":false},{"id":370960,"structure_id":52827,"section_number":"58.1-1206","catch_line":"(Effective July 1, 2025) Deductions from gross capital","url":"\/58.1-1206\/","token":"58.1\/I\/12\/58.1-1206","metadata":false},{"id":370961,"structure_id":52827,"section_number":"58.1-1207","catch_line":"(Effective July 1, 2025) Filing of return and payment of tax","url":"\/58.1-1207\/","token":"58.1\/I\/12\/58.1-1207","metadata":false},{"id":370962,"structure_id":52827,"section_number":"58.1-1208","catch_line":"City tax","url":"\/58.1-1208\/","token":"58.1\/I\/12\/58.1-1208","metadata":false},{"id":370963,"structure_id":52827,"section_number":"58.1-1209","catch_line":"Town tax","url":"\/58.1-1209\/","token":"58.1\/I\/12\/58.1-1209","metadata":false},{"id":370964,"structure_id":52827,"section_number":"58.1-1210","catch_line":"County tax","url":"\/58.1-1210\/","token":"58.1\/I\/12\/58.1-1210","metadata":false},{"id":370965,"structure_id":52827,"section_number":"58.1-1211","catch_line":"Branch banks","url":"\/58.1-1211\/","token":"58.1\/I\/12\/58.1-1211","metadata":false},{"id":370966,"structure_id":52827,"section_number":"58.1-1212","catch_line":"(Effective July 1, 2025) Record of deposits through branches required","url":"\/58.1-1212\/","token":"58.1\/I\/12\/58.1-1212","metadata":false},{"id":370967,"structure_id":52827,"section_number":"58.1-1213","catch_line":"Credit against state tax for amounts paid cities, towns and counties","url":"\/58.1-1213\/","token":"58.1\/I\/12\/58.1-1213","metadata":false},{"id":370968,"structure_id":52827,"section_number":"58.1-1214","catch_line":"Auditing of returns","url":"\/58.1-1214\/","token":"58.1\/I\/12\/58.1-1214","metadata":false},{"id":370969,"structure_id":52827,"section_number":"58.1-1215","catch_line":"Banks in liquidation","url":"\/58.1-1215\/","token":"58.1\/I\/12\/58.1-1215","metadata":false},{"id":370970,"structure_id":52827,"section_number":"58.1-1216","catch_line":"Penalty upon bank for failure to comply with chapter","url":"\/58.1-1216\/","token":"58.1\/I\/12\/58.1-1216","metadata":false},{"id":370971,"structure_id":52827,"section_number":"58.1-1217","catch_line":"State banks and national banks treated the same in matter of taxation","url":"\/58.1-1217\/","token":"58.1\/I\/12\/58.1-1217","metadata":false}],"previous_section":{"id":370970,"structure_id":52827,"section_number":"58.1-1216","catch_line":"Penalty upon bank for failure to comply with chapter","url":"\/58.1-1216\/","token":"58.1\/I\/12\/58.1-1216","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/58.1-1217\/","history_text":"<p>The record of this law\u2019s original creation isn\u2019t available online. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1980, chapter 578; in 1984, chapter 675.<\/p>","references":false,"refers_to":false,"permalink":{"id":1479525,"object_type":"law","relational_id":370971,"identifier":"58.1-1217","token":"58.1\/I\/12\/58.1-1217","url":"\/58.1-1217\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/58.1-1217\/","token":"58.1\/I\/12\/58.1-1217","dublin_core":{"Title":"State banks and national banks treated the same in matter of taxation","Type":"Text","Format":"text\/html","Identifier":"\u00a7 58.1-1217","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>In the event that any state or local tax is held by a <span class=\"dictionary\">court<\/span> of competent <span class=\"dictionary\">jurisdiction<\/span> to be invalid in its application to national <span class=\"dictionary\">banks<\/span>, as a class, such tax shall not thereafter be assessed against state <span class=\"dictionary\">banks<\/span>.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nSTATE BANKS AND NATIONAL BANKS TREATED THE SAME IN MATTER OF TAXATION (\u00a7\n58.1-1217)\n\nIn the event that any state or local tax is held by a court of competent\njurisdiction to be invalid in its application to national banks, as a class,\nsuch tax shall not thereafter be assessed against state banks.\n\nHISTORY: Code 1950, \u00a7 58-485.03; 1980, c. 578; 1984, c. 675.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}