Virginia Code 33.2-1522: Exemption from taxation
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The interest income from and any profit made on the sale of the Notes issued under the provisions of this article shall at all times be free and exempt from taxation by the Commonwealth and by any municipality, county, or other political subdivision thereof.
Terms Used In Virginia Code 33.2-1522
- Municipality: has the meaning assigned to it in § 1-224. See Virginia Code 33.2-100
- Notes: means those notes authorized and issued pursuant to § 33. See Virginia Code 33.2-1511