{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/2.2-2742.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/2.2-2742.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/2.2-2742.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/2.2-2742.html"}],"law_id":64729,"edition_id":1,"section_id":64729,"structure_id":14062,"section_number":"2.2-2742","catch_line":"Exemption from taxation","history":"2016, c. 749.","full_text":"The Corporation shall be performing an essential governmental function in the exercise of the powers conferred upon it by this article. Accordingly, the Corporation shall not be required to pay any taxes or assessments upon any project or any property or upon any operations of the Corporation or the income therefrom. Agents, lessees, sublessees, or users of tangible personal property owned by or leased to the Corporation also shall not be required to pay any sales or use tax upon such property or the revenue derived therefrom.","order_by":null,"text":{"0":{"id":235582,"text":"The Corporation shall be performing an essential governmental function in the exercise of the powers conferred upon it by this article. Accordingly, the Corporation shall not be required to pay any taxes or assessments upon any project or any property or upon any operations of the Corporation or the income therefrom. Agents, lessees, sublessees, or users of tangible personal property owned by or leased to the Corporation also shall not be required to pay any sales or use tax upon such property or the revenue derived therefrom.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14062,"edition_id":1,"name":"Virginia International Trade Corporation","identifier":"11","label":"article","depth":5,"order_by":1,"parent_id":13231,"metadata":{},"date_created":"2026-06-26 03:46:44","date_modified":"2026-06-26 03:46:44","permalink":{"id":175535,"object_type":"structure","relational_id":14062,"identifier":"11","token":"2.2\/I\/D\/27\/11","url":"\/2.2\/I\/D\/27\/11\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13231,"edition_id":1,"name":"Foundations and Other Collegial Bodies","identifier":"27","label":"chapter","depth":4,"order_by":1,"parent_id":12785,"metadata":{},"date_created":"2026-06-26 03:44:29","date_modified":"2026-06-26 03:44:29","permalink":{"id":175501,"object_type":"structure","relational_id":13231,"identifier":"27","token":"2.2\/I\/D\/27","url":"\/2.2\/I\/D\/27\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12785,"edition_id":1,"name":"State Authorities, Boards, Commissions, Councils, Foundations and Other Collegial Bodies","identifier":"D","label":"part","depth":3,"order_by":1,"parent_id":12784,"metadata":{},"date_created":"2026-06-26 03:43:53","date_modified":"2026-06-26 03:43:53","permalink":{"id":173913,"object_type":"structure","relational_id":12785,"identifier":"D","token":"2.2\/I\/D","url":"\/2.2\/I\/D\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12784,"edition_id":1,"name":"Organization of State Government","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":12749,"metadata":{},"date_created":"2026-06-26 03:43:53","date_modified":"2026-06-26 03:43:53","permalink":{"id":171455,"object_type":"structure","relational_id":12784,"identifier":"I","token":"2.2\/I","url":"\/2.2\/I\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12749,"edition_id":1,"name":"Administration of Government","identifier":"2.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":171453,"object_type":"structure","relational_id":12749,"identifier":"2.2","token":"2.2","url":"\/2.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":56413,"structure_id":14062,"section_number":"2.2-2738","catch_line":"Virginia International Trade Corporation; purpose; membership; meetings","url":"\/2.2-2738\/","token":"2.2\/I\/D\/27\/11\/2.2-2738","metadata":false},{"id":66090,"structure_id":14062,"section_number":"2.2-2739","catch_line":"Appointment of Chief Executive Officer","url":"\/2.2-2739\/","token":"2.2\/I\/D\/27\/11\/2.2-2739","metadata":false},{"id":55166,"structure_id":14062,"section_number":"2.2-2740","catch_line":"Powers and duties of the Corporation","url":"\/2.2-2740\/","token":"2.2\/I\/D\/27\/11\/2.2-2740","metadata":false},{"id":69550,"structure_id":14062,"section_number":"2.2-2741","catch_line":"Grants from the Commonwealth","url":"\/2.2-2741\/","token":"2.2\/I\/D\/27\/11\/2.2-2741","metadata":false},{"id":64729,"structure_id":14062,"section_number":"2.2-2742","catch_line":"Exemption from taxation","url":"\/2.2-2742\/","token":"2.2\/I\/D\/27\/11\/2.2-2742","metadata":false},{"id":86523,"structure_id":14062,"section_number":"2.2-2743","catch_line":"Exemptions from personnel and procurement procedures","url":"\/2.2-2743\/","token":"2.2\/I\/D\/27\/11\/2.2-2743","metadata":false}],"previous_section":{"id":69550,"structure_id":14062,"section_number":"2.2-2741","catch_line":"Grants from the Commonwealth","url":"\/2.2-2741\/","token":"2.2\/I\/D\/27\/11\/2.2-2741","metadata":false},"next_section":{"id":86523,"structure_id":14062,"section_number":"2.2-2743","catch_line":"Exemptions from personnel and procurement procedures","url":"\/2.2-2743\/","token":"2.2\/I\/D\/27\/11\/2.2-2743","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/2.2-2742\/","history_text":"<p>This law was first created in 2016. The record of its establishment is cataloged in chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?161+ful+CHAP0749\">749<\/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":175553,"object_type":"law","relational_id":64729,"identifier":"2.2-2742","token":"2.2\/I\/D\/27\/11\/2.2-2742","url":"\/2.2-2742\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/2.2-2742\/","token":"2.2\/I\/D\/27\/11\/2.2-2742","dublin_core":{"Title":"Exemption from taxation","Type":"Text","Format":"text\/html","Identifier":"\u00a7 2.2-2742","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>The Corporation shall be performing an essential governmental function in the exercise of the powers conferred upon it by this article. Accordingly, the Corporation shall not be required to pay any taxes or assessments upon any project or any property or upon any operations of the Corporation or the income therefrom. Agents, lessees, sublessees, or users of tangible personal property owned by or leased to the Corporation also shall not be required to pay any sales or use tax upon such property or the revenue derived therefrom.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nEXEMPTION FROM TAXATION (\u00a7 2.2-2742)\n\nThe Corporation shall be performing an essential governmental function in the\nexercise of the powers conferred upon it by this article. Accordingly, the\nCorporation shall not be required to pay any taxes or assessments upon any\nproject or any property or upon any operations of the Corporation or the income\ntherefrom. Agents, lessees, sublessees, or users of tangible personal property\nowned by or leased to the Corporation also shall not be required to pay any\nsales or use tax upon such property or the revenue derived therefrom.\n\nHISTORY: 2016, c. 749.","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}}