Code of Virginia § 6.2-1304. Franchise tax exemption.
45 words·~1 min read·
/va/title-6-2/chapter-13/6-2-1304A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
All credit unions organized under the laws of the Commonwealth and doing business purely as credit unions shall be exempt from the payment of any franchise tax.
Code 1950, § 6-233; 1966, c. 584, § 6.1-225; 1990, c. 373, § 6.1-225.63; 2010, c. 794 .