Subscriptions to the capital stock of a bank shall be paid in money at not less than par. The State and Local Statement of Economic Interests (the Statement) is a required filing for all individuals designated to file pursuant to Va.Sixteen states levy capital stock taxes (often called franchise taxes, though some states use that term for different types of taxes as well). Our stepbystep guide will walk you through the process, from structuring your business to complying with Virginia's filing and tax requirements. Capital stock is the number of common and preferred shares that a company is authorized to issue, and is recorded in shareholders' equity. The Virginia Economic Development Partnership (VEDP) is the state economic development authority for the Commonwealth of Virginia. Econ 210: Principles of Microeconomics Welcome to the Commerce Research Guide! Econ 210: Principles of Microeconomics Total recovery included in income.