§ 26-1000. Stock and bond brokers.  


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  • Every person, other than a National bank or bank or trust company organized under the laws of the State or a duly licensed and practicing attorney at law, who engages in the business of dealing in investment securities or of buying or selling for others, on commission or for other compensation, shares in any company or corporation, bonds, notes or other evidences of debt shall pay a license fee as set forth in Appendix A to this Code or a license tax equal to $0.58 per $100.00, as provided in Section 26-871, of the gross fees, brokerage and commissions and of the net operating receipts of the business from underwriting commitments, without deduction for any operating or overhead expenses of the licensee and without any deduction from gross receipts on account of a loss in net operating receipts of the business from underwriting commitments.

    (Code 1993, § 27-441; Code 2004, § 98-774)

    State Law reference— Limitation on tax rate on financial, real estate and professional services, Code of Virginia, § 58.1-3706.

(Code 1993, § 27-441; Code 2004, § 98-774)

State law reference

Limitation on tax rate on financial, real estate and professional services, Code of Virginia, § 58.1-3706.