{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/33.2-1522.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/33.2-1522.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/33.2-1522.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/33.2-1522.html"}],"law_id":81159,"edition_id":1,"section_id":81159,"structure_id":16379,"section_number":"33.2-1522","catch_line":"Exemption from taxation","history":"2011, cc. 830, 868, \u00a7 33.1-23.25; 2014, c. 805.","full_text":"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.","order_by":null,"text":{"0":{"id":290906,"text":"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.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":16379,"edition_id":1,"name":"Commonwealth of Virginia Federal Transportation Grant Anticipation Revenue Notes Act of 2011","identifier":"4","label":"article","depth":4,"order_by":1,"parent_id":13147,"metadata":{},"date_created":"2026-06-26 04:15:50","date_modified":"2026-06-26 04:15:50","permalink":{"id":206541,"object_type":"structure","relational_id":16379,"identifier":"4","token":"33.2\/III\/15\/4","url":"\/33.2\/III\/15\/4\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13147,"edition_id":1,"name":"Transportation Funding","identifier":"15","label":"chapter","depth":3,"order_by":1,"parent_id":13146,"metadata":{},"date_created":"2026-06-26 03:44:21","date_modified":"2026-06-26 03:44:21","permalink":{"id":206485,"object_type":"structure","relational_id":13147,"identifier":"15","token":"33.2\/III\/15","url":"\/33.2\/III\/15\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13146,"edition_id":1,"name":"Transportation Funding and Development","identifier":"III","label":"subtitle","depth":2,"order_by":1,"parent_id":12806,"metadata":{},"date_created":"2026-06-26 03:44:21","date_modified":"2026-06-26 03:44:21","permalink":{"id":206483,"object_type":"structure","relational_id":13146,"identifier":"III","token":"33.2\/III","url":"\/33.2\/III\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12806,"edition_id":1,"name":"Highways and Other Surface Transportation Systems","identifier":"33.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:54","date_modified":"2026-06-26 03:43:54","permalink":{"id":204785,"object_type":"structure","relational_id":12806,"identifier":"33.2","token":"33.2","url":"\/33.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":80941,"structure_id":16379,"section_number":"33.2-1511","catch_line":"Definitions","url":"\/33.2-1511\/","token":"33.2\/III\/15\/4\/33.2-1511","metadata":false},{"id":79388,"structure_id":16379,"section_number":"33.2-1512","catch_line":"Authorization of Notes","url":"\/33.2-1512\/","token":"33.2\/III\/15\/4\/33.2-1512","metadata":false},{"id":87385,"structure_id":16379,"section_number":"33.2-1513","catch_line":"Use of proceeds of Notes","url":"\/33.2-1513\/","token":"33.2\/III\/15\/4\/33.2-1513","metadata":false},{"id":82093,"structure_id":16379,"section_number":"33.2-1514","catch_line":"Details of Notes","url":"\/33.2-1514\/","token":"33.2\/III\/15\/4\/33.2-1514","metadata":false},{"id":67585,"structure_id":16379,"section_number":"33.2-1515","catch_line":"Form and manner of execution; signature of person ceasing to be officer","url":"\/33.2-1515\/","token":"33.2\/III\/15\/4\/33.2-1515","metadata":false},{"id":72010,"structure_id":16379,"section_number":"33.2-1516","catch_line":"Authority to obtain GARVEE approval","url":"\/33.2-1516\/","token":"33.2\/III\/15\/4\/33.2-1516","metadata":false},{"id":84338,"structure_id":16379,"section_number":"33.2-1517","catch_line":"Expenses","url":"\/33.2-1517\/","token":"33.2\/III\/15\/4\/33.2-1517","metadata":false},{"id":78007,"structure_id":16379,"section_number":"33.2-1518","catch_line":"Deposit of proceeds","url":"\/33.2-1518\/","token":"33.2\/III\/15\/4\/33.2-1518","metadata":false},{"id":81558,"structure_id":16379,"section_number":"33.2-1519","catch_line":"Other funds","url":"\/33.2-1519\/","token":"33.2\/III\/15\/4\/33.2-1519","metadata":false},{"id":77654,"structure_id":16379,"section_number":"33.2-1520","catch_line":"Application of project-specific reimbursements","url":"\/33.2-1520\/","token":"33.2\/III\/15\/4\/33.2-1520","metadata":false},{"id":70331,"structure_id":16379,"section_number":"33.2-1521","catch_line":"Investment of proceeds and other amounts","url":"\/33.2-1521\/","token":"33.2\/III\/15\/4\/33.2-1521","metadata":false},{"id":81159,"structure_id":16379,"section_number":"33.2-1522","catch_line":"Exemption from taxation","url":"\/33.2-1522\/","token":"33.2\/III\/15\/4\/33.2-1522","metadata":false},{"id":86711,"structure_id":16379,"section_number":"33.2-1523","catch_line":"Notes as eligible securities","url":"\/33.2-1523\/","token":"33.2\/III\/15\/4\/33.2-1523","metadata":false}],"previous_section":{"id":70331,"structure_id":16379,"section_number":"33.2-1521","catch_line":"Investment of proceeds and other amounts","url":"\/33.2-1521\/","token":"33.2\/III\/15\/4\/33.2-1521","metadata":false},"next_section":{"id":86711,"structure_id":16379,"section_number":"33.2-1523","catch_line":"Notes as eligible securities","url":"\/33.2-1523\/","token":"33.2\/III\/15\/4\/33.2-1523","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/33.2-1522\/","history_text":"<p>This law was first created in 2011. The record of its establishment is cataloged in chapters <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?111+ful+CHAP0830\">830<\/a> and <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?111+ful+CHAP0868\">868<\/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. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 2014, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?141+ful+CHAP0805\">805<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":206587,"object_type":"law","relational_id":81159,"identifier":"33.2-1522","token":"33.2\/III\/15\/4\/33.2-1522","url":"\/33.2-1522\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/33.2-1522\/","token":"33.2\/III\/15\/4\/33.2-1522","dublin_core":{"Title":"Exemption from taxation","Type":"Text","Format":"text\/html","Identifier":"\u00a7 33.2-1522","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>The interest income from and any profit made on the sale of the <span class=\"dictionary\">Notes<\/span> 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.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nEXEMPTION FROM TAXATION (\u00a7 33.2-1522)\n\nThe interest income from and any profit made on the sale of the Notes issued\nunder the provisions of this article shall at all times be free and exempt from\ntaxation by the Commonwealth and by any municipality, county, or other political\nsubdivision thereof.\n\nHISTORY: 2011, cc. 830, 868, \u00a7 33.1-23.25; 2014, c. 805.","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}}