Bank Franchise Tax
Newport News Bank Franchise Tax
City of Newport News Code of Ordinances §40-72.
The City of Newport News imposes upon each bank located within the boundaries of the city a tax on net capital equaling 80% of the state rate of franchise tax set forth in §58.1-1204 of the Code of Virginia.
In the event that any bank located within the boundaries of the city is not the principal office but is a branch extension or affiliate of the principal office, the tax upon such branch shall be apportioned as provided by §58.1-1211 of the Code of Virginia.
On or after the first day of January of each year, but not later than April first of any such year, all banks whose principal offices are located within this city shall prepare and file a return in duplicate as provided in §58.1-1207 of the Code of Virginia.
In the event that the principal office of a bank is located outside the boundaries of the city and such bank has branch offices located within the city, in addition to the filing requirements set forth above, any bank conducting such branch business shall file a copy of the real estate deduction schedule, apportionment and other items which are required in §58.1-1207, §58.1-1211 and §58.1-1212 of the Code of Virginia.
The due date for the payment of the bank franchise tax is June 1 of each year.
For assistance with bank franchise tax, please call 757-926-8752.
Contact Us
-
Tiffany Boyle, Commissioner of the Revenue
For General Inquiries:
Hours of Operation
8:00 AM - 5:00 PM
Lobby Hours
8:30 AM - 4:30 PM
Downtown Office
2400 Washington Ave.
Newport News, VA 23607Main Office
Phone: 757-926-8752
Fax: 757-247-2628Department Contact
Business License
Phone: 757-926-8651
Email: busl@nnva.govPersonal Property
Phone: 757-926-8657
Email: pp@nnva.govRelated Taxes
Phone: 757-926-8644
Email: brtx@nnva.govReal Estate Tax Relief
Phone: 757-926-3535
Email: taxrelief@nnva.govState Income
Phone: 757-926-8653
Email: stateincome@nnva.govCompliance
Phone: 757-926-8644
Denbigh Office
12912 Jefferson Ave.
Newport News, VA 23608Office
Phone: 757-886-7671
Fax: 757-886-7670DMV Select
Phone
804-497-7100
DMV Select Hours
Monday - Friday
8:30 AM - 4:00 PM
Visit the DMV Now websiteDropbox
For your convenience a 24-Hour Dropbox is located at each office location.
City Hall Office
2400 Washington Ave.Located at the front of the building to the left of the entry doors.
Denbigh Satellite Office
12912 Jefferson Ave.Located on the west side of the building near the drive-thru window.
City Center (Dropbox only)
700 Town Center Dr.Accessible Monday - Friday
8:00 AM - 5:00 PMRecent visit?