Virginia Code 33.2-2911: Exemption from taxation
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All property, real and personal, and all rights and interests therein and the income of the Authority, the revenue bonds and the interest thereon, and the transfer thereof and any profit made on the sale thereof, shall at all times be free from taxation or assessment by the Commonwealth and by any municipality, county, or other political subdivision thereof.
Terms Used In Virginia Code 33.2-2911
- Authority: means the Richmond Metropolitan Transportation Authority created by § Virginia Code 33.2-2900
- Municipality: has the meaning assigned to it in § 1-224. See Virginia Code 33.2-100
- revenue bonds: means revenue bonds or revenue refunding bonds of the Authority issued under the provisions of this chapter. See Virginia Code 33.2-2900