It is hereby found, determined, and declared that the creation of any transportation district pursuant to this chapter and the carrying out of the corporate purposes of any such transportation district is in all respects for the benefit of the people of the Commonwealth and is a public purpose and that the transportation district and the commission will be performing an essential governmental function in the exercise of the powers conferred by this chapter. Accordingly, the transportation district shall not be required to pay taxes or assessments upon any of the property acquired by it or under its jurisdiction, control, possession, or supervision or upon its activities in the operation and maintenance of any transportation facilities or upon any revenues therefrom, and the property and the income derived therefrom shall be exempt from all state, municipal, and local taxation. This exemption shall include all motor vehicle license fees, motor vehicle sales and use taxes, retail sales and use taxes, and motor fuel taxes. The governing body of any political subdivision within a transportation district may refund in whole or in part any payments for taxes or license fees or abate in whole or in part any assessments for taxes or license fees on any property exempt from taxation or license fees under this section that were assessed and levied prior to the acquisition of any transportation facilities by a transportation district.
1964, c. 631, § 15.1-1370; 1975, c. 486; 1997, c. 587, § 15.1-4532; 2014, c. 805.
Structure Code of Virginia
Title 33.2 - Highways and Other Surface Transportation Systems
Chapter 19 - Transportation District Act of 1964
§ 33.2-1900. Declaration of policy
§ 33.2-1902. Authorization to issue summons
§ 33.2-1903. Procedure for creation of districts
§ 33.2-1904. Northern Virginia Transportation District and Commission
§ 33.2-1905. District a body corporate
§ 33.2-1906. Creation of commission to control corporation
§ 33.2-1907. Members of transportation commissions
§ 33.2-1908. Officers of commission
§ 33.2-1910. Compensation and expenses of members
§ 33.2-1911. Meetings of commission
§ 33.2-1912. Quorum and action by commission
§ 33.2-1913. Funds of commission
§ 33.2-1914. Accounts and records
§ 33.2-1915. Powers and functions generally
§ 33.2-1916. Commission control of transportation district
§ 33.2-1917. Protection of employees of public transportation systems
§ 33.2-1918. Background checks of applicants and employees
§ 33.2-1919. Additional powers
§ 33.2-1920. Authority to issue bonds and other obligations
§ 33.2-1921. Judicial determination of validity of bonds
§ 33.2-1922. Contracts and payment thereof
§ 33.2-1924. Acquisition of median strips for transit facilities in interstate highways
§ 33.2-1926. Powers granted are in addition to all other powers
§ 33.2-1927. Liabilities of Commonwealth, counties, and cities
§ 33.2-1930. Procedure for enlargement
§ 33.2-1931. Resolution or ordinance
§ 33.2-1932. Financial obligations
§ 33.2-1933. Public purpose; exemption from taxation
§ 33.2-1934. Liability for torts