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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>81069</law_id><section_number>2.2-2324</section_number><catch_line>Exemption from taxation</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="2.2">Administration of Government</unit><unit label="subtitle" level="2" order_by="1" identifier="I">Organization of State Government</unit><unit label="part" level="3" order_by="1" identifier="D">State Authorities, Boards, Commissions, Councils, Foundations and Other Collegial Bodies</unit><unit label="chapter" level="4" order_by="1" identifier="22">Authorities</unit><unit label="article" level="5" order_by="1" identifier="8">Virginia Tourism Authority</unit></structure><text>
						<section><p>As set forth in subsection C of &#xA7;&#xA0;<a class="law" title="Short title; declaration of public purpose; Authority created" href="/2.2-2315/">2.2-2315</a>, the <span class="dictionary">Authority</span> shall be performing an essential governmental function in the exercise of the powers conferred upon it by this article. Accordingly, the <span class="dictionary">Authority</span> shall not be required to pay any taxes or assessments upon any project or any property or upon any operations of the <span class="dictionary">Authority</span> or the income therefrom. Agents, lessees, sublessees, or users of tangible personal property owned by or leased to the <span class="dictionary">Authority</span> also shall not be required to pay any sales or use tax upon such property or the revenue derived therefrom.</p></section></text><history>1999, cc. 852, 881, &#xA7; 2.1-548.64; 2001, c. 844.</history><metadata></metadata></law>
