Virginia § 58.1-1212 (Effective until July 1, 2025) Record of deposits through branches required

Virginia Statutes

§ 58.1-1212 — (Effective until July 1, 2025) Record of deposits through branches required

Virginia § 58.1-1212

Title 58.1Taxation

Subtitle ITaxes Administered by the Department of Taxation

Ch. 12Bank Franchise Tax

This text of Virginia § 58.1-1212 ((Effective until July 1, 2025) Record of deposits through branches required) 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. § 58.1-1212 (2026).

Text

Each bank in this Commonwealth that has as of the beginning of any tax year a bank located in any county, incorporated town or city other than the county, incorporated town or city wherein such bank's principal office is located, shall maintain a record of the deposits through each such branch as of the beginning of the tax year. Each bank shall also submit to the commissioner of the revenue or other assessing officer of the locality wherein such principal office is located a report of such deposits with the return required under § 58.1-1207.

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Each bank in this Commonwealth that has as of the beginning of any tax year a bank located in any county, incorporated town or city other than the county, incorporated town or city wherein such bank's principal office is located, shall maintain a record of the deposits through each such branch as of the beginning of the tax year. Each bank shall also submit to the commissioner of the revenue or other assessing officer of the locality wherein such principal office is located a report of such deposits with the return required under § 58.1-1207.