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Code of Virginia (Last Updated:July 28, 2020) |
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TITLE 33.2. Highways and Other Surface Transportation Systems |
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SUBTITLE III. Transportation Funding and Development |
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CHAPTER 15. Transportation Funding |
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ARTICLE 4. Commonwealth of Virginia Federal Transportation Grant Anticipation Revenue Notes Act of 2011 |
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SECTION 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. |