A. The real estate of all banks shall be assessed on the land books with the same taxes with which other real estate is assessed.
B. The tangible personal property of all banks which is leased for a consideration to customers or other lessees shall be assessed on the personal property books with the same taxes with which other tangible personal property held for lease is assessed.
Code 1950, § 58-485.05; 1980, c. 578; 1984, c. 675.
Structure Code of Virginia
Chapter 12 - Bank Franchise Tax
§ 58.1-1202. Bank capital assessable
§ 58.1-1204.1. Proration for new banks
§ 58.1-1205. Computation of net capital
§ 58.1-1206. Deductions from gross capital
§ 58.1-1207. Filing of return and payment of tax
§ 58.1-1212. Record of deposits through branches required
§ 58.1-1213. Credit against state tax for amounts paid cities, towns and counties
§ 58.1-1214. Auditing of returns
§ 58.1-1215. Banks in liquidation
§ 58.1-1216. Penalty upon bank for failure to comply with chapter
§ 58.1-1217. State banks and national banks treated the same in matter of taxation