Code · Virginia · Title 21 — Drainage, Soil Conservation, Sanitation and Public Facilities Districts · Chapter 3

Code of Virginia § 21-156. Exemption of bonds from taxation.

64 words·~1 min read·/va/title-21/chapter-3/21-156

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The bonds of such district or commission, and the property owned or operated by such district or commission shall be exempt from all taxation, and the interest on the bonds shall take the same status under tax laws as the interest on bonds of other political subdivisions of the Commonwealth.

1942, p. 600; Michie Code 1942, § 1560kk; 1944, p. 72; 1946, p. 528.