2.2-2324 - Exemption from taxation. - Virginia Statutes

§ 2.2-2324. Exemption from taxation.

As set forth in subsection C of § 2.2-2315, the Authority shall be performingan essential governmental function in the exercise of the powers conferredupon it by this article. Accordingly, the Authority shall not be required topay any taxes or assessments upon any project or any property or upon anyoperations of the Authority or the income therefrom. Agents, lessees,sublessees, or users of tangible personal property owned by or leased to theAuthority also shall not be required to pay any sales or use tax upon suchproperty or the revenue derived therefrom.

(1999, cc. 852, 881, § 2.1-548.64; 2001, c. 844.)