§ 20-23. Bank's returns, schedules, etc.
(a)
On or after the first day of January of each year, but not later than March first of any such year, all banks whose principal offices are located within this town shall prepare and file with the town treasurer a return, as provided by section 58.1-1207 of the Code of Virginia, in duplicate, which shall set forth the tax on net capital computed pursuant to chapter 12 of title 58.1 of the Code of Virginia. The town treasurer 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)
In the event that the principal office of a bank is located outside the corporate boundaries of this town and such bank has branch offices located within this town, in addition to the filing requirements set forth in subsection (a) above, any bank conducting such branch business shall file with the town treasurer a copy of real estate deduction schedule, apportionment and other items which are required by sections 58.1-1207, 58.1-1211 and 58.1-1212 of the Code of Virginia.
(Ord. No. 160, § III)
(Ord. No. 160, § III)