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Code of Virginia (Last Updated:July 28, 2020) |
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TITLE 15.2. Counties, Cities and Towns |
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SUBTITLE IV. Other Governmental Entities |
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CHAPTER 54. Electric Authorities Act |
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SECTION 15.2-5422. Bonds exempt from taxation |
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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. |