Statutes, codes, and regulations
Code of Virginia
Title 15.2 - COUNTIES, CITIES AND TOWNSSubtitle IV - OTHER GOVERNMENTAL ENTITIES
Chapter 63 - AUTHORITIES FOR DEVELOPMENT OF FORMER FEDERAL AREAS
Section 15.2-6314 - Exemption from taxation; authorities to be municipal corporate instrumentalities of Commonwealth

Va. Code § 15.2-6314

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Current with changes from the 2024 legislative session through ch. 845
Section 15.2-6314 - Exemption from taxation; authorities to be municipal corporate instrumentalities of Commonwealth

The bonds or other securities issued by an authority, the interest thereon, and all real and personal property and any interest therein of an authority, and all income derived therefrom by an authority shall at all times be free from taxation by the Commonwealth, or by any political subdivision thereof. The authority shall be regarded as a municipal corporate instrumentality of the Commonwealth for the purpose of discharging its functions and exercising its powers under this chapter.

Va. Code § 15.2-6314

Code 1950, § 15-952; 1954, c. 645; 1962, c. 623, § 15.1-1335; 1997, c. 587.
Amended by Acts 1997, § c. 587.
Amended by Acts 1962, § c. 623, § 15.1-1335.
Amended by Acts 1954, § c. 645.