Virginia Code 2.2-2347: Exemption from taxation
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The bonds or other securities issued by the Authority, the interest thereon, and all real and personal property and any interest therein of the Authority, and all income derived therefrom by the Authority shall at all times be free from taxation by the Commonwealth, or by any political subdivision thereof.
Terms Used In Virginia Code 2.2-2347
- Authority: means the Fort Monroe Authority. See Virginia Code 2.2-2337
- Bonds: means any bonds, notes, interim certificates, debentures, or other obligations issued by the Authority pursuant to this article. See Virginia Code 2.2-2337
- Personal property: All property that is not real property.
2011, c. 716.