Calendar of Events

Bank Franchise License Taxes Due

Title:Bank Franchise License Taxes Due
Date & Time:Wed Jun 1, 2011 8:00 AM - 11:55 PM
Location:City Hall, Room 1700, Tax Services & Enforcement
One-Stop Customer Service Center for City taxes, income tax assistance, and tax relief programs.
Event Details:Every bank or trust company with its main office or branch office(s) in the City must pay an annual City franchise tax. The City's Bank Franchise License Tax for banks with main offices in the City is 80 percent of the State's Bank Franchise Tax. Banks with branch offices in the City must pay the Bank Franchise License Tax on net capital based upon the ratio of local deposits to total statewide deposits of the bank. All banks must prepare and file Bank Franchise Tax returns (Schedule H) with the City by March 1 of each year and pay any taxes due by June 1. The City's Finance Department sends certified copies of the returns to the Virginia Department of Taxation.
Links:
Contact Person:Tax Services & Enforcement
Contact Phone No.:703.746.3903
Contact Email:miscellaneoustax@alexandriava.gov
Fees:Free
Audience:Anyone may attend
Tags:Bank Franchise License Tax, Tax Payment Deadline, Taxes


For event details visit http://www.alexandriava.gov/c/348
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