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Virginia Law

Code of Virginia

Table of Contents » Title 15.2. Counties, Cities and Towns » Subtitle IV. Other Governmental Entities » Chapter 54. Electric Authorities Act » § 15.2-5422. Bonds exempt from taxation

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Code of Virginia
Title 15.2. Counties, Cities and Towns
Chapter 54. Electric Authorities Act

11/15/2024

§ 15.2-5422. Bonds exempt from taxation.

Bonds, their transfer and the income therefrom, including any profit made on the sale thereof, shall at all times be exempt from all taxation by the Commonwealth or any political subdivision thereof, except inheritance or gift taxes.

1979, c. 416, § 15.1-1625; 1997, c. 587.

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.