Agencies | Governor
Virginia Regulatory Town Hall
Agency
Department of Taxation
Board
Department of Taxation
chapter
Bank Franchise Tax [23 VAC 10 ‑ 330]
Action:
Amend Bank Franchise Regulation to Conform to Law Changes and Existing Policy
 
General Information
Action Summary This regulatory action will amend Bank Franchise Tax Regulation sections 23VAC10-330-20 relating to the computation of net capital and relating to deductions from gross capital. This action is necessary to reflect legislative changes affecting the calculation of gross capital and deductions. Some of this language is also unnecessary. Therefore, this regulatory action will repeal Bank Franchise Tax Regulation language that is unnecessary and will update all other provisions to conform legislative changes and current tax policy. The amendment of this section does not reflect a change in existing tax policy and will have no impact on the administration of the tax.
Chapters Affected Only affects this chapter.
Exempt from APA No, this action is subject to the Administrative Process Act and the standard executive branch review process.
RIS Project Yes  [004854]
Associated Mandates
 
Stages
Stages associated with this regulatory action.
Stage ID Stage Type Status
7655 Fast-Track Governor's office review in progress.
 
Contact Information
Name / Title: James Savage  / Tax Policy Analyst
Address: P.O Box 27185
Richmond, VA 23261
Email Address: james.savage@tax.virginia.gov
Phone: (804)371-2301    FAX: ()-    TDD: ()-