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 Emporia
 Code of Ordinances
 Chapter 70. TAXATION
 Article III. BANK FRANCHISE TAX

  § 70-153. Filing of return and payment of tax.  

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  • (a)

    On or after January 1 of each year, but not later than March 1 of any such year, all banks whose principal offices are located within this city shall prepare and file with the commissioner of the revenue (or comparable local assessing officer) a return as provided by state law which shall set forth the tax on net capital computed pursuant to state law. The commissioner of the revenue (or comparable assessing officer) shall certify a copy of the bank's return and schedules and shall forthwith transmit such certified copy to the state department of taxation.

    (b)

    If a bank also has offices located outside the boundaries of this city, in addition to the filing requirements set forth in subsection (a) of this section, any bank conducting such business shall file with the commissioner of the revenue or appropriate assessing officer of this city a copy of the real estate deduction schedule, apportionment and other items which are required by state law.

    (c)

    Each bank, on or before June 1 of each year, shall pay into the treasurer's office (or other appropriate official) of this city all taxes imposed pursuant to section 70-152.

    (Code 1972, § 8-21.3)

    State Law reference— Virginia Bank Franchise Tax Act, Code of Virginia, § 58.1-1200 et seq.; filing of return and payment of tax, Code of Virginia, § 58.1-1207; branch banks, Code of Virginia, § 58.1-1211; record of deposits through branches required, Code of Virginia, § 58.1-1212.

(Code 1972, § 8-21.3)

State law reference

Virginia Bank Franchise Tax Act, Code of Virginia, § 58.1-1200 et seq.; filing of return and payment of tax, Code of Virginia, § 58.1-1207; branch banks, Code of Virginia, § 58.1-1211; record of deposits through branches required, Code of Virginia, § 58.1-1212.