§ 26-614. Filing of return and payment.

(a)

On or after January 1, but not later than March 1 of any such year, all banks the principal offices of which are located within the City shall prepare and file with the Director of Finance a return as provided by Code of Virginia, § 58.1-1207 in duplicate, which shall set forth the tax on net capital computed pursuant to Code of Virginia, § 58.1-1205. The Director of Finance shall certify a copy of such filing of the bank's return and schedule and shall forthwith transmit such certified copy to the State Department of Taxation.

(b)

If the principal office of a bank is located outside the boundaries of the City and such bank has branch offices located within the City, in addition to the filing requirements set forth in Subsection (a) of this section, any bank conducting such branch business shall file with the Director of Finance a copy of the real estate deduction schedule, apportionment and other items which are required by Code of Virginia, §§ 58.1-1207, 58.1-1211 and 58.1-1212.

(c)

Each bank, on or before June 1 of each year, shall pay to the Collector all taxes imposed pursuant to this article.

(Code 1993, § 27-138; Code 2004, § 98-283)

(Code 1993, § 27-138; Code 2004, § 98-283)