{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/6.2-1304.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/6.2-1304.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/6.2-1304.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/6.2-1304.html"}],"law_id":373737,"edition_id":2,"section_id":373737,"structure_id":53176,"section_number":"6.2-1304","catch_line":"Franchise tax exemption","history":"Code 1950, \u00a7 6-233; 1966, c. 584, \u00a7 6.1-225; 1990, c. 373, \u00a7 6.1-225.63; 2010, c. 794.","full_text":"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.\n\n","order_by":null,"text":{"0":{"id":1394881,"text":"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.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":53176,"edition_id":2,"name":"General Provisions","identifier":"1","label":"article","depth":4,"order_by":1,"parent_id":53175,"metadata":{"child_laws":9,"child_structures":0},"date_created":"2026-08-02 03:12:08","date_modified":"2026-08-02 12:28:05","permalink":{"id":1491549,"object_type":"structure","relational_id":53176,"identifier":"1","token":"6.2\/II\/13\/1","url":"\/6.2\/II\/13\/1\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53175,"edition_id":2,"name":"Credit Unions","identifier":"13","label":"chapter","depth":3,"order_by":6,"parent_id":53156,"metadata":{"child_laws":83,"child_structures":11},"date_created":"2026-08-02 03:12:08","date_modified":"2026-08-02 12:28:04","permalink":{"id":1491547,"object_type":"structure","relational_id":53175,"identifier":"13","token":"6.2\/II\/13","url":"\/6.2\/II\/13\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53156,"edition_id":2,"name":"Depository Institutions and Trust Organizations","identifier":"II","label":"subtitle","depth":2,"order_by":2,"parent_id":53152,"metadata":{"child_laws":483,"child_structures":51},"date_created":"2026-08-02 03:11:42","date_modified":"2026-08-02 12:27:56","permalink":{"id":1490687,"object_type":"structure","relational_id":53156,"identifier":"II","token":"6.2\/II","url":"\/6.2\/II\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53152,"edition_id":2,"name":"Financial Institutions and Services","identifier":"6.2","label":"title","depth":1,"order_by":10,"parent_id":null,"metadata":{"child_laws":961,"child_structures":89},"date_created":"2026-08-02 03:11:41","date_modified":"2026-08-02 12:27:53","permalink":{"id":1490251,"object_type":"structure","relational_id":53152,"identifier":"6.2","token":"6.2","url":"\/6.2\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":373732,"structure_id":53176,"section_number":"6.2-1300","catch_line":"Definitions","url":"\/6.2-1300\/","token":"6.2\/II\/13\/1\/6.2-1300","metadata":false},{"id":373733,"structure_id":53176,"section_number":"6.2-1301","catch_line":"Effect of ownership of a share account","url":"\/6.2-1301\/","token":"6.2\/II\/13\/1\/6.2-1301","metadata":false},{"id":373735,"structure_id":53176,"section_number":"6.2-1302","catch_line":"Powers","url":"\/6.2-1302\/","token":"6.2\/II\/13\/1\/6.2-1302","metadata":false},{"id":373734,"structure_id":53176,"section_number":"6.2-1302.1","catch_line":"Virtual currency custody services","url":"\/6.2-1302.1\/","token":"6.2\/II\/13\/1\/6.2-1302.1","metadata":{"court_decisions":""}},{"id":373736,"structure_id":53176,"section_number":"6.2-1303","catch_line":"Regulations","url":"\/6.2-1303\/","token":"6.2\/II\/13\/1\/6.2-1303","metadata":false},{"id":373737,"structure_id":53176,"section_number":"6.2-1304","catch_line":"Franchise tax exemption","url":"\/6.2-1304\/","token":"6.2\/II\/13\/1\/6.2-1304","metadata":false},{"id":373738,"structure_id":53176,"section_number":"6.2-1305","catch_line":"Making or circulating derogatory statements affecting credit unions; penalty","url":"\/6.2-1305\/","token":"6.2\/II\/13\/1\/6.2-1305","metadata":false},{"id":373739,"structure_id":53176,"section_number":"6.2-1306","catch_line":"Unlawful use of words \"credit union.\"","url":"\/6.2-1306\/","token":"6.2\/II\/13\/1\/6.2-1306","metadata":false},{"id":373740,"structure_id":53176,"section_number":"6.2-1307","catch_line":"Use of credit union name, logo, or symbol for marketing purposes; penalty","url":"\/6.2-1307\/","token":"6.2\/II\/13\/1\/6.2-1307","metadata":false}],"previous_section":{"id":373736,"structure_id":53176,"section_number":"6.2-1303","catch_line":"Regulations","url":"\/6.2-1303\/","token":"6.2\/II\/13\/1\/6.2-1303","metadata":false},"next_section":{"id":373738,"structure_id":53176,"section_number":"6.2-1305","catch_line":"Making or circulating derogatory statements affecting credit unions; penalty","url":"\/6.2-1305\/","token":"6.2\/II\/13\/1\/6.2-1305","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-1304\/","history_text":"<p>The record of this law\u2019s original creation isn\u2019t available online. It has been modified 3 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1966, chapter 584; in 1990, chapter 373; in 2010, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?101+ful+CHAP0794\">794<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":1491571,"object_type":"law","relational_id":373737,"identifier":"6.2-1304","token":"6.2\/II\/13\/1\/6.2-1304","url":"\/6.2-1304\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/6.2-1304\/","token":"6.2\/II\/13\/1\/6.2-1304","dublin_core":{"Title":"Franchise tax exemption","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1304","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>All <span class=\"dictionary\">credit unions<\/span> organized under the <span class=\"dictionary\">laws<\/span> of the Commonwealth and doing business purely as <span class=\"dictionary\">credit unions<\/span> shall be exempt from the payment of any franchise tax.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nFRANCHISE TAX EXEMPTION (\u00a7 6.2-1304)\n\nAll credit unions organized under the laws of the Commonwealth and doing\nbusiness purely as credit unions shall be exempt from the payment of any\nfranchise tax.\n\nHISTORY: Code 1950, \u00a7 6-233; 1966, c. 584, \u00a7 6.1-225; 1990, c. 373, \u00a7\n6.1-225.63; 2010, c. 794.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}