The exercise of the powers granted by this subtitle shall be in all respects for the benefit of the people of the Commonwealth, for the increase of their commerce and prosperity, and for the improvement of their living conditions, and as the undertaking of activities in the furtherance of the purposes of the Authority constitutes the performance of essential governmental functions, the Authority shall not be required to pay any taxes or assessments upon any property acquired or used by the Authority under the provisions of this subtitle or upon the income therefrom, including sales and use taxes on the tangible personal property used in the operations of the Authority. The exemption granted in this section shall not be construed to extend to persons conducting on the premises of any property of the Authority businesses for which local or state taxes would otherwise be required.
2021, Sp. Sess. I, cc. 550, 551.
Structure Code of Virginia
Title 4.1 - Alcoholic Beverage and Cannabis Control
Chapter 6 - General Provisions
§ 4.1-601. Virginia Cannabis Control Authority created; public purpose
§ 4.1-602. Virginia Cannabis Control Authority; composition
§ 4.1-604. Powers and duties of the Board
§ 4.1-605. Additional powers; mediation; alternative dispute resolution; confidentiality
§ 4.1-606. Regulations of the Board
§ 4.1-607. Board membership; terms; compensation
§ 4.1-609. Background investigations of Board members and Chief Executive Officer
§ 4.1-610. Financial interests of Board, employees, and family members prohibited
§ 4.1-611. Seed-to-sale tracking system
§ 4.1-612. Moneys of Authority
§ 4.1-613. Forms of accounts and records; audit; annual report
§ 4.1-614. Disposition of moneys collected by the Board
§ 4.1-615. Leases and purchases of property by the Board
§ 4.1-616. Exemptions from taxes or assessments
§ 4.1-618. Reversion to the Commonwealth
§ 4.1-620. Reports and accounting systems of Board; auditing books and records
§ 4.1-621. Certain information not to be made public
§ 4.1-622. Criminal history records check required on certain employees; reimbursement of costs
§ 4.1-623. Employees of the Authority
§ 4.1-624. Police power of members, agents, and employees of Board
§ 4.1-625. Liability of Board members; suits by and against Board
§ 4.1-626. Counsel for members, agents, and employees of Board
§ 4.1-627. Hearings; representation by counsel