§ 58.1-1208. City tax
Any city in this Commonwealth in which is located any bank may, by ordinance, impose a tax not to exceed 80 percent of the state rate of taxation on each $100 of the net capital of such bank located in such city. If such bank also has offices that are located outside the corporate limits of such city, the tax shall be apportioned as provided in § 58.1-1211.
(Code 1950, § 58-485.09; 1980, c. 578; 1984, c. 675.)
Sections: Previous 58.1-1202 58.1-1203 58.1-1204 58.1-1204.1 58.1-1205 58.1-1206 58.1-1207 58.1-1208 58.1-1209 58.1-1210 58.1-1211 58.1-1212 58.1-1213 58.1-1214 58.1-1215 NextLast modified: April 16, 2009