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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>67372</law_id><section_number>23.1-1214</section_number><catch_line>Exemption of bonds 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="23.1">Institutions of Higher Education; Other Educational and Cultural Institutions</unit><unit label="subtitle" level="2" order_by="1" identifier="III">Management and Financing</unit><unit label="chapter" level="3" order_by="1" identifier="12">Virginia College Building Authority</unit><unit label="article" level="4" order_by="1" identifier="1">General Provisions; Powers and Duties</unit></structure><text>
						<section><p>The <span class="dictionary">bonds</span> issued by the Authority under the provisions of this article, the transfer of such <span class="dictionary">bonds</span>, and the income from such <span class="dictionary">bonds</span>, including any profit made on the sale of such <span class="dictionary">bonds</span>, is exempt from taxation by the Commonwealth and any locality or political subdivision of the Commonwealth.</p></section></text><history>1964, c. 607, &#xA7; 23-30.33; 1966, c. 685; 2016, c. 588.</history><metadata></metadata></law>
