Statutes > Virginia Statutes > Title 6.2 - FINANCIAL INSTITUTIONS AND SERVICES. > Chapter 13 - Credit Unions (6.2-1300 thru 6.2-1380) > 6.2-1304 - (Effective October 1, 2010) Franchise tax exemption.

6.2-1304 - (Effective October 1, 2010) Franchise tax exemption.

§ 6.2-1304. (Effective October 1, 2010) Franchise tax exemption.

All credit unions organized under the laws of the Commonwealth and doingbusiness purely as credit unions shall be exempt from the payment of anyfranchise tax.

(Code 1950, § 6-233; 1966, c. 584, § 6.1-225; 1990, c. 373, § 6.1-225.63;2010, c. 794.)