{"data":{"id":"us-va/va.-code-58.1-1209","jurisdiction":"us-va","citation":"Va. Code § 58.1-1209","heading":"Town tax","body":"Any incorporated town in this Commonwealth in which is located a bank may, by ordinance, impose a tax not to exceed 80 percent of the state rate of taxation for each $100 of the net capital of a bank located in such town. If such bank also has offices that are located outside the corporate limits of such town, the tax shall be apportioned as provided in § 58.1-1211.Code 1950, § 58-485.010; 1980, c. 578; 1984, c. 675.","path":["Title 58.1. TAXATION","Subtitle I. TAXES ADMINISTERED BY THE DEPARTMENT OF TAXATION","Chapter 12. BANK FRANCHISE TAX"],"source_url":"https://law.lis.virginia.gov/vacode/58.1-1209/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:17:44Z","sha256":"6ae75cf707741fa5d93c4f5f6dd59752999674f7ac11079c6f513488d308179c","source_id":"us-va","stale":true,"prev":"us-va/va.-code-58.1-1208","next":"us-va/va.-code-58.1-1210"},"notice":"GroundRules: Original legal text. Not legal advice."}