Code of Virginia (Title 58.1 — Taxation)
Va. Code § 58.1-1209
Town tax
Official textlaw.lis.virginia.gov
Any incorporated town in this Commonwealth in which is located a bank 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 a bank located in such town. If such bank also has offices that are located outside the corporate limits of such town, the tax shall be apportioned as provided in § 58.1-1211.
Source: view the official text
Nearby sections (25 sections)
- 58.1-1115 · Refund of overpayment
- 58.1-1116 · Failure to pay tax when due; civil penalties
- 58.1-1117 · How intangible personal property tax collectible
- 58.1-1118 · Intangible personal property assessment sheets or forms
- 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…
- 58.1-1204 · Rate of tax
- 58.1-1204.1 · Proration for new banks
- 58.1-1205 · Computation of net capital
- 58.1-1208 · City tax
- 58.1-1209 · Town tax
- 58.1-1210 · County tax
- 58.1-1211 · Branch banks
- 58.1-1213 · Credit against state tax for amounts paid cities, towns and…
- 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…
- 58.1-1400 · Title
- 58.1-1401 · Definitions
- 58.1-1401.1 · When motor deemed a watercraft
- 58.1-1402 · Tax levied
- 58.1-1403 · Basis of tax; estimate of tax; penalty for misrepresentation