§ 74-62. Penalty for failure to comply.

Latest version.

Any bank which fails to file a return or pay the tax required by this article or fails to comply with any other provision of this article shall be subject to a penalty of five percent of the tax due. If the commissioner of the revenue is satisfied that such failure is due to providential or other good cause, such return and payment of tax shall be accepted exclusive of such penalty, but with interest determined in accordance with Code of Virginia, § 58.1-15.

(Code 1988, § 13-37)

State Law reference— Similar provisions, Code of Virginia, § 58.1-1216.

(Code 1988, § 13-37)

State law reference

Similar provisions, Code of Virginia, § 58.1-1216.

                    
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