                                 CODE OF VIRGINIA

COUNTY TAX (§ 58.1-1210)

Any county of this Commonwealth in which is located any bank outside any
incorporated town therein may, by ordinance, impose a tax not to exceed 80
percent of the state rate of taxation for each $100 of the net capital of the
bank so located in such county outside the corporate limits of any town therein.
If such bank also has offices that are located outside such county or within the
corporate limits of any town therein, the tax shall be apportioned as provided
in § 58.1-1211.

HISTORY: Code 1950, § 58-485.011; 1980, c. 578; 1984, c. 675.