State Codes and Statutes
Statutes > Virginia > Title-15-2 > Chapter-51 > 15-2-5132§ 15.2-5132. Exemption from taxation.
No authority shall be required to pay any taxes or assessments upon anysystem acquired or constructed by it under the provisions of this chapter orupon the income therefrom. The bonds issued under the provisions of thischapter, their transfer and the income therefor, including any profit made ontheir sale, shall be free from taxation within the Commonwealth.
(Code 1950, § 15-764.20; 1950, p. 1323; 1962, c. 623, § 15.1-1258; 1997, cc.527, 573, 587; 2009, c. 473.)
