Code of Virginia § 22.1-172. Bonds exempt from taxation.
60 words·~1 min read·
/va/title-22-1/chapter-11/22-1-172A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The bonds issued by the Authority under the provisions of this chapter, their transfer and the income therefrom, including any profit made on the sale thereof, shall at all times be free and exempt from taxation by the Commonwealth and by any municipality, county, or any other political subdivision thereof.
Code 1950, § 22-29.12; 1962, c. 194; 1980, c. 559.