§ 34.033 PENALTY UPON BANK FOR FAILURE TO COMPLY.
   Any bank which fails to file a return or pay the tax required by this subchapter or fails to comply with any other provision of this subchapter shall be subject to a penalty of 5% of the tax due. If the Commissioner of the Revenue is satisfied that the failure is due to providential or other good cause, the return and payment of tax shall be accepted exclusive of the penalty, but with interest determined in accordance with VA Code, § 58.1-15.
(1997 Code, § 62-89)
Statutory reference:
   Penalty upon bank for failure to comply with law, see VA Code, § 58.1-1216