Virginia § 58.1-1209 - Town tax
Full text of Virginia Code of Virginia § 58.1-1209 — Town tax, with citation guidance and answers to common questions.
§ 58.1-1209. Town tax
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.
Frequently Asked Questions About Virginia § 58.1-1209
What does Code of Virginia § 58.1-1209 cover?
Section 58.1-1209 ("Town tax") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 58.1-1209?
A common citation format is "Code of Virginia § 58.1-1209" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 58.1-1209 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.