Virginia Code 58.1-1217: State banks and national banks treated the same in matter of taxation
Current as of: 2024 | Check for updates
|
Other versions
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.
Terms Used In Virginia Code 58.1-1217
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
Code 1950, § 58-485.03; 1980, c. 578; 1984, c. 675.