[HISTORY: Adopted by the Board of Supervisors of Amelia County 5-12-1980. Amendments noted where applicable.]
For the purposes of this chapter, the following words shall have the meanings ascribed to them by this section:
BANK
Shall be as defined in § 58.1-1201 of the Code of Virginia.
[Amended at time of adoption of Code (see Ch. 1, General Provisions, Art. I)]
NET CAPITAL
A bank's net capital computed pursuant to § 58.1-1205 of the Code of Virginia.
[Amended at time of adoption of Code (see Ch. 1, General Provisions, Art. I)]
[Amended at time of adoption of Code (see Ch. 1, General Provisions, Art. I)]
A. 
Pursuant to the provisions of Chapter 12 of Title 58.1 of the Code of Virginia, there is hereby imposed upon each bank located outside any incorporated town but otherwise within the boundaries of this County a tax on net capital equalling 80% of the state rate of franchise tax set forth in § 58.1-1204 of the Code of Virginia.
B. 
In the event that any bank located within the boundaries of this County but outside any incorporated town located herein is not the principal office but is a branch extension or affiliate of the principal office, the tax upon such branch shall be apportioned as provided by § 58.1-1211 of the Code of Virginia.
A. 
On or after the first day of January of each year, but not later than March 1 of any such year, all banks whose principal offices are located within this County but outside any incorporated town herein shall prepare and file with the Commissioner of the Revenue a return as provided by § 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 Commissioner of the Revenue 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.
[Amended at time of adoption of Code (see Ch. 1, General Provisions, Art. I)]
B. 
In the event that the principal office of a bank is located outside the boundaries of this County or within any town located herein, and such bank has branch offices located within this County, in addition to the filing requirements set forth in Subsection A hereof, any bank conducting such branch business shall file with the Commissioner of the Revenue or appropriate assessing officer of this County a copy of the real estate deduction schedule, apportionment and other items which are required by §§ 58.1-1207 and 58.1-1211 of the Code of Virginia.
[Amended at time of adoption of Code (see Ch. 1, General Provisions, Art. I)]
C. 
Each bank, on or before the first day of June of each year, shall pay into the Treasurer's office of this County all taxes imposed pursuant to this chapter.
The provisions of this chapter shall be effective for the year beginning January 1, 1980.
[Amended at time of adoption of Code (see Ch. 1, General Provisions, Art. I)]
Any bank which fails to file a return or pay the state tax required by this chapter or fails to comply with any other provision of this chapter shall be subject to a penalty of five percent of the tax due. If the Commissioner is satisfied that such failure is due to providential or other good cause, such return and payment of tax shall be accepted exclusive of such penalty, but with interest determined in accordance with § 58.1-15 of the Code of Virginia.