Virginia Statutes
§ 58.1-1203 — Real and leased tangible personal property of banks to be assessed as other real and personal property
Virginia § 58.1-1203
JurisdictionVirginia
Title 58.1TAXATION
Subtitle ITAXES ADMINISTERED BY THE DEPARTMENT OF TAXATION
Ch. 12BANK FRANCHISE TAX
This text of Virginia § 58.1-1203 (Real and leased tangible personal property of banks to be assessed as other real and personal property) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Va. Code Ann. § 58.1-1203 (2026).
Text
A.The real estate of all banks shall be assessed on the land books with the same taxes with which other real estate is assessed.
B.The tangible personal property of all banks which is leased for a consideration to customers or other lessees shall be assessed on the personal property books with the same taxes with which other tangible personal property held for lease is assessed.
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Legislative History
Code 1950, § 58-485.05; 1980, c. 578; 1984, c. 675.
Nearby Sections
15
§ 58.1-1
Definitions§ 58.1-100
Property subject to state taxation only§ 58.1-1000
Definitions§ 58.1-1001
Tax levied; rate§ 58.1-1002
Exemptions§ 58.1-1003.1
Bad debt; deduction; definition§ 58.1-1003.2
Roll-your-own tobacco cigarette excise tax; how paid; stamping process; records of stamping agents§ 58.1-1003.3
Roll-your-own cigarette machines§ 58.1-1004
Repealed§ 58.1-1008
Monthly reports of stamping agents; penalty§ 58.1-1008.1
Monthly reports of tobacco product manufacturersCite This Page — Counsel Stack
Bluebook (online)
Virginia § 58.1-1203, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/58.1/58.1-1203.