§ 58.1-1216. Penalty upon bank for failure to comply with chapter
Any bank which fails to file a return or pay the state tax required by this chapter or fails to comply with any other provision of this chapter shall be subject to a penalty of five percent of the tax due. If the Commissioner is satisfied that such failure is due to providential or other good cause, such return and payment of tax shall be accepted exclusive of such penalty, but with interest determined in accordance with § 58.1-15.
(Code 1950, § 58-485.018; 1980, c. 578; 1984, c. 675.)
Sections: Previous 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 58.1-1216 58.1-1217 NextLast modified: April 16, 2009