§ 3-2-23. Filing of return and payment of tax.

(a)

On or after January 1 of each year, but not later than March 1 of any such year, all banks whose principal offices are located within the boundaries of the city shall prepare and file with the director of finance a return as provided by section 58-485.013 of the Code of Virginia, in duplicate, which shall set forth the tax on net capital computed pursuant to chapter 10.01, title 58, Code of Virginia. The director of finance shall certify a copy of such filing of the bank's return and schedule and shall forthwith transmit such certified copy to the Virginia Department of Taxation.

(b)

In the event that the principal office of a bank is located outside the city limits and such bank has branch offices located within the city limits of the city, in addition to the filing requirements set forth in subsection (a), any bank conducting such branch business shall file with the director of finance a copy of the real estate deduction schedule, apportionment and other items which are required by sections 58-485.012, 58-485.013 and 58-485.014. Code of Virginia.

(c)

Each bank, on or before June 1 of each year, shall pay into the treasurer's office, all taxes imposed pursuant to this article. (Code 1963, Sec. 36-20.3, as enacted by Ord. No. 2470, 5/21/80)