2006 Code of Virginia § 58.1-1207 - Filing of return and payment of tax

58.1-1207. Filing of return and payment of tax.

Each bank as defined in 58.1-1201 as of January 1 of each year shallprepare and file with the commissioner of the revenue or comparable assessingofficer of the county, city or town where the principal office of the bank islocated on or before March 1, a return in duplicate which shall set forth thetax on net capital as computed under this chapter. The return shall be in aform prescribed by the Department of Taxation. The commissioner of therevenue or comparable assessing officer shall certify a copy of the bank'sreturn and schedules and shall forthwith transmit such certified copy to theDepartment of Taxation. Additionally, a copy of the real estate deductionschedules and the apportionment under 58.1-1211 shall be filed with theappropriate assessing officer of each political subdivision imposing a tax onthe filing bank. Such return shall set forth the tax on net capital owing toeach such political subdivision as computed under this chapter and shallinclude the listing of the real estate, as assessed for the prior year, aswell as a description of the total of the obligations of the United Statesand the average percentage thereof on the four dates prescribed insubdivision 3 of 58.1-1206. Every bank, on or before June 1 of each year,shall pay into the state treasury the state taxes assessed under this chapterand into the treasurer's office or other official of the local politicalsubdivisions all taxes assessed by such political subdivision.

(Code 1950, 58-485.013; 1980, c. 578; 1984, c. 675.)