An authority shall not be required to pay any taxes or assessments of any kind whatsoever, and its bonds, their transfer, the interest payable on them, and any income derived from them, including any profit realized in their sale or exchange, shall be exempt at all times from every kind and nature of taxation by this Commonwealth or by any of its political subdivisions, municipal corporations, or public agencies of any kind.
1997, cc. 276, 587, § 15.1-1721.
Structure Code of Virginia
Title 15.2 - Counties, Cities and Towns
Chapter 64 - Virginia Regional Industrial Facilities Act
§ 15.2-6401. Findings; purpose; governmental functions
§ 15.2-6402. Procedure for creation of authorities
§ 15.2-6403. Board of the authority
§ 15.2-6404. Office of authority; title to property
§ 15.2-6405. Powers of the authority
§ 15.2-6406. Donations to authority; remittance of tax revenue
§ 15.2-6407. Revenue sharing agreements
§ 15.2-6408. Applicability of land use regulations
§ 15.2-6409. Bond issues; contesting validity of bonds
§ 15.2-6410. Investments in bonds
§ 15.2-6411. Bonds exempt from taxation
§ 15.2-6412. Tax revenues of the Commonwealth or any other political subdivision not pledged
§ 15.2-6413. Forms of accounts and records; audit of same