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Table of Contents » Title 2.2. Administration of Government » Subtitle I. Organization of State Government » Part D. State Authorities, Boards, Commissions, Councils, Foundations and Other Collegial Bodies » Chapter 27. Foundations and Other Collegial Bodies » Article 11. Virginia International Trade Corporation » § 2.2-2742. Exemption from taxation

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Code of Virginia
Title 2.2. Administration of Government
Chapter 27. Foundations and Other Collegial Bodies

11/16/2024

§ 2.2-2742. Exemption from taxation.

The Corporation shall be performing an essential governmental function in the exercise of the powers conferred upon it by this article. Accordingly, the Corporation shall not be required to pay any taxes or assessments upon any project or any property or upon any operations of the Corporation or the income therefrom. Agents, lessees, sublessees, or users of tangible personal property owned by or leased to the Corporation also shall not be required to pay any sales or use tax upon such property or the revenue derived therefrom.

2016, c. 749.

The chapters of the acts of assembly referenced in the historical citation at the end of this section may not constitute a comprehensive list of such chapters and may exclude chapters whose provisions have expired.