State banks and national banks treated the same in matter of taxation

Va. Code Ann. § 58.1-1217
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
In the event that any state or local tax is held by a court of competent jurisdiction to be invalid in its application to national banks, as a class, such tax shall not thereafter be assessed against state banks. Code 1950, § 58-485.03; 1980, c. 578; 1984, c. 675.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/58.1-1217/Fetched: 10/16/2026

Starting a business in Virginia? Virginia LLC guide: costs and requirements