Chapter 12 Bank Franchise Tax
This chapter is comprised of the following 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 (Effective July 1, 2025) Deductions from gross capital
- §58.1-1207 (Effective July 1, 2025) 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 (Effective July 1, 2025) 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