§ 21-156 Exemption of bonds from taxation
The bonds of such district or commission, and the property owned or operated by such district or commission shall be exempt from all taxation, and the interest on the bonds shall take the same status under tax laws as the interest on bonds of other political subdivisions of the Commonwealth.
History
This law was first created in 1942. The record of its establishment is cataloged at page 600 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1942 “Acts” aren’t available online. It has been modified 3 times. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. Those modifications are as follows: in 1942, when it was recodified as § 1560kk; in 1944, at page 72; in 1946, at page 528.
1942, p. 600; Michie Code 1942, § 1560kk; 1944, p. 72; 1946, p. 528.