Code of Virginia (Last Updated:July 28, 2020) |
TITLE 58.1. Taxation |
SUBTITLE I. Taxes Administered By the Department of Taxation |
CHAPTER 12. Bank Franchise Tax |
SECTION 58.1-1217. State banks and national banks treated the same in matter of taxation |
In the event that any state or local tax is held by a court of competent jurisdiction to be invalid in its application to national banks, as a class, such tax shall not thereafter be assessed against state banks. Code 1950, § 58-485.03; 1980, c. 578; 1984, c. 675. |