Virginia Decodedhttps://vacode.org744266.2-1304Franchise tax exemption2025Financial Institutions and ServicesDepository Institutions and Trust OrganizationsCredit UnionsGeneral Provisions

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.

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