Code of VirginiaTitle 58.1. Taxation7/2/2020 Chapter 12. Bank Franchise TaxRead Chapter § 58.1-1200Title § 58.1-1201Definitions § 58.1-1202Bank capital assessable § 58.1-1203Real and leased tangible personal property of banks to be assessed as other real and personal property § 58.1-1204Rate of tax § 58.1-1204.1Proration for new banks § 58.1-1205Computation of net capital § 58.1-1206Deductions from gross capital § 58.1-1207Filing of return and payment of tax § 58.1-1208City tax § 58.1-1209Town tax § 58.1-1210County tax § 58.1-1211Branch banks § 58.1-1212Record of deposits through branches required § 58.1-1213Credit against state tax for amounts paid cities, towns and counties § 58.1-1214Auditing of returns § 58.1-1215Banks in liquidation § 58.1-1216Penalty upon bank for failure to comply with chapter § 58.1-1217State banks and national banks treated the same in matter of taxation