{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/15.2-6643.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/15.2-6643.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/15.2-6643.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/15.2-6643.html"}],"law_id":65972,"edition_id":1,"section_id":65972,"structure_id":15059,"section_number":"15.2-6643","catch_line":"Taxation","history":"2005, c. 842.","full_text":"The exercise of the powers granted by this act shall in all respects be presumed to be for the benefit of the inhabitants of the Commonwealth, for the increase of their commerce, and for the promotion of their health, safety, welfare, convenience, and prosperity, and as the operation and maintenance of any project that the Authority is authorized to undertake will constitute the performance of an essential governmental function, the Authority shall not be required to pay any taxes or assessments upon any facilities acquired and constructed by it under the provisions of this act and the bonds issued under the provisions of this act, their transfer, and the income therefrom including any profit made on the sale thereof, shall at all times be free and exempt from taxation by the Commonwealth and by any political subdivision thereof. Persons, firms, partnerships, associations, corporations, and organizations leasing property of the Authority or doing business on property of the Authority shall be subject to and liable for payment of all applicable taxes of the political subdivision in which such leased property lies or in which business is conducted including, but not limited to, any leasehold tax on real property and taxes on hotel and motel rooms, taxes on the sale of tobacco products, taxes on the sale of meals and beverages, privilege taxes and local general retail sales and use taxes, taxes to be paid on licenses in respect to any business, profession, vocation, or calling, and taxes upon consumers of gas, electricity, telephone, and other public utility services.","order_by":null,"text":{"0":{"id":239700,"text":"The exercise of the powers granted by this act shall in all respects be presumed to be for the benefit of the inhabitants of the Commonwealth, for the increase of their commerce, and for the promotion of their health, safety, welfare, convenience, and prosperity, and as the operation and maintenance of any project that the Authority is authorized to undertake will constitute the performance of an essential governmental function, the Authority shall not be required to pay any taxes or assessments upon any facilities acquired and constructed by it under the provisions of this act and the bonds issued under the provisions of this act, their transfer, and the income therefrom including any profit made on the sale thereof, shall at all times be free and exempt from taxation by the Commonwealth and by any political subdivision thereof. Persons, firms, partnerships, associations, corporations, and organizations leasing property of the Authority or doing business on property of the Authority shall be subject to and liable for payment of all applicable taxes of the political subdivision in which such leased property lies or in which business is conducted including, but not limited to, any leasehold tax on real property and taxes on hotel and motel rooms, taxes on the sale of tobacco products, taxes on the sale of meals and beverages, privilege taxes and local general retail sales and use taxes, taxes to be paid on licenses in respect to any business, profession, vocation, or calling, and taxes upon consumers of gas, electricity, telephone, and other public utility services.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":15059,"edition_id":1,"name":"Northern Neck Chesapeake Bay Public Access Authority Act","identifier":"66.1","label":"chapter","depth":3,"order_by":1,"parent_id":12721,"metadata":{},"date_created":"2026-06-26 03:51:52","date_modified":"2026-06-26 03:51:52","permalink":{"id":160431,"object_type":"structure","relational_id":15059,"identifier":"66.1","token":"15.2\/IV\/66.1","url":"\/15.2\/IV\/66.1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12721,"edition_id":1,"name":"Other Governmental Entities","identifier":"IV","label":"subtitle","depth":2,"order_by":1,"parent_id":12720,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":157897,"object_type":"structure","relational_id":12721,"identifier":"IV","token":"15.2\/IV","url":"\/15.2\/IV\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12720,"edition_id":1,"name":"Counties, Cities and Towns","identifier":"15.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":151279,"object_type":"structure","relational_id":12720,"identifier":"15.2","token":"15.2","url":"\/15.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":74831,"structure_id":15059,"section_number":"15.2-6626","catch_line":"Title","url":"\/15.2-6626\/","token":"15.2\/IV\/66.1\/15.2-6626","metadata":false},{"id":73989,"structure_id":15059,"section_number":"15.2-6627","catch_line":"Creation; public purpose","url":"\/15.2-6627\/","token":"15.2\/IV\/66.1\/15.2-6627","metadata":false},{"id":63993,"structure_id":15059,"section_number":"15.2-6628","catch_line":"Definitions","url":"\/15.2-6628\/","token":"15.2\/IV\/66.1\/15.2-6628","metadata":false},{"id":72904,"structure_id":15059,"section_number":"15.2-6629","catch_line":"Participating political subdivision","url":"\/15.2-6629\/","token":"15.2\/IV\/66.1\/15.2-6629","metadata":false},{"id":62910,"structure_id":15059,"section_number":"15.2-6630","catch_line":"Appointment of a board of directors","url":"\/15.2-6630\/","token":"15.2\/IV\/66.1\/15.2-6630","metadata":false},{"id":62742,"structure_id":15059,"section_number":"15.2-6631","catch_line":"Organization","url":"\/15.2-6631\/","token":"15.2\/IV\/66.1\/15.2-6631","metadata":false},{"id":80914,"structure_id":15059,"section_number":"15.2-6632","catch_line":"Powers","url":"\/15.2-6632\/","token":"15.2\/IV\/66.1\/15.2-6632","metadata":false},{"id":77002,"structure_id":15059,"section_number":"15.2-6633","catch_line":"Name of Authority","url":"\/15.2-6633\/","token":"15.2\/IV\/66.1\/15.2-6633","metadata":false},{"id":66590,"structure_id":15059,"section_number":"15.2-6634","catch_line":"Rules, regulations, and minimum standards","url":"\/15.2-6634\/","token":"15.2\/IV\/66.1\/15.2-6634","metadata":false},{"id":61330,"structure_id":15059,"section_number":"15.2-6635","catch_line":"Reports","url":"\/15.2-6635\/","token":"15.2\/IV\/66.1\/15.2-6635","metadata":false},{"id":82500,"structure_id":15059,"section_number":"15.2-6636","catch_line":"Procurement","url":"\/15.2-6636\/","token":"15.2\/IV\/66.1\/15.2-6636","metadata":false},{"id":59157,"structure_id":15059,"section_number":"15.2-6637","catch_line":"Deposit and investment of funds","url":"\/15.2-6637\/","token":"15.2\/IV\/66.1\/15.2-6637","metadata":false},{"id":64410,"structure_id":15059,"section_number":"15.2-6638","catch_line":"Authority to issue bonds","url":"\/15.2-6638\/","token":"15.2\/IV\/66.1\/15.2-6638","metadata":false},{"id":82542,"structure_id":15059,"section_number":"15.2-6639","catch_line":"Fees, rents, and charges","url":"\/15.2-6639\/","token":"15.2\/IV\/66.1\/15.2-6639","metadata":false},{"id":57423,"structure_id":15059,"section_number":"15.2-6640","catch_line":"Credit of Commonwealth and political subdivisions not pledged","url":"\/15.2-6640\/","token":"15.2\/IV\/66.1\/15.2-6640","metadata":false},{"id":82220,"structure_id":15059,"section_number":"15.2-6641","catch_line":"Directors and persons executing bonds not liable thereon","url":"\/15.2-6641\/","token":"15.2\/IV\/66.1\/15.2-6641","metadata":false},{"id":83262,"structure_id":15059,"section_number":"15.2-6642","catch_line":"Security for payment of bonds; 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default","url":"\/15.2-6642\/","token":"15.2\/IV\/66.1\/15.2-6642","metadata":false},"next_section":{"id":78835,"structure_id":15059,"section_number":"15.2-6644","catch_line":"Bonds as legal investments","url":"\/15.2-6644\/","token":"15.2\/IV\/66.1\/15.2-6644","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/15.2-6643\/","history_text":"

This law was first created in 2005. The record of its establishment is cataloged in chapter 842<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":false,"refers_to":false,"permalink":{"id":160501,"object_type":"law","relational_id":65972,"identifier":"15.2-6643","token":"15.2\/IV\/66.1\/15.2-6643","url":"\/15.2-6643\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/15.2-6643\/","token":"15.2\/IV\/66.1\/15.2-6643","dublin_core":{"Title":"Taxation","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-6643","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

The exercise of the powers granted by this act shall in all respects be presumed to be for the benefit of the inhabitants of the Commonwealth, for the increase of their commerce, and for the promotion of their health, safety, welfare, convenience, and prosperity, and as the operation and maintenance of any project that the Authority is authorized to undertake will constitute the performance of an essential governmental function, the Authority shall not be required to pay any taxes or assessments upon any facilities acquired and constructed by it under the provisions of this act and the bonds<\/span> issued under the provisions of this act, their transfer, and the income therefrom including any profit made on the sale thereof, shall at all times be free and exempt from taxation by the Commonwealth and by any political subdivision thereof. Persons, firms, partnerships, associations, corporations, and organizations leasing property of the Authority or doing business on property of the Authority shall be subject to and liable for payment of all applicable taxes of the political subdivision in which such leased property lies or in which business is conducted including, but not limited to, any leasehold tax on real property and taxes on hotel and motel rooms, taxes on the sale of tobacco products, taxes on the sale of meals and beverages, privilege<\/span> taxes and local general retail sales and use taxes, taxes to be paid on licenses in respect to any business, profession, vocation, or calling, and taxes upon consumers of gas, electricity, telephone, and other public utility services.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nTAXATION (\u00a7 15.2-6643)\n\nThe exercise of the powers granted by this act shall in all respects be presumed\nto be for the benefit of the inhabitants of the Commonwealth, for the increase\nof their commerce, and for the promotion of their health, safety, welfare,\nconvenience, and prosperity, and as the operation and maintenance of any project\nthat the Authority is authorized to undertake will constitute the performance of\nan essential governmental function, the Authority shall not be required to pay\nany taxes or assessments upon any facilities acquired and constructed by it\nunder the provisions of this act and the bonds issued under the provisions of\nthis act, their transfer, and the income therefrom including any profit made on\nthe sale thereof, shall at all times be free and exempt from taxation by the\nCommonwealth and by any political subdivision thereof. Persons, firms,\npartnerships, associations, corporations, and organizations leasing property of\nthe Authority or doing business on property of the Authority shall be subject to\nand liable for payment of all applicable taxes of the political subdivision in\nwhich such leased property lies or in which business is conducted including, but\nnot limited to, any leasehold tax on real property and taxes on hotel and motel\nrooms, taxes on the sale of tobacco products, taxes on the sale of meals and\nbeverages, privilege taxes and local general retail sales and use taxes, taxes\nto be paid on licenses in respect to any business, profession, vocation, or\ncalling, and taxes upon consumers of gas, electricity, telephone, and other\npublic utility services.\n\nHISTORY: 2005, c. 842.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}