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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>62682</law_id><section_number>23.1-708</section_number><catch_line>Assets of the Plan exempt 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="II">Students and Campus</unit><unit label="chapter" level="3" order_by="1" identifier="7">Commonwealth Savers Plan and Able Savings Trust Accounts</unit></structure><text>
						<section><p>The <span class="dictionary">assets</span> of the <span class="dictionary">Plan</span> and their income are exempt from state and local taxation.</p></section></text><history>1994, c. 661, &#xA7; 23-38.83; 2000, cc. 382, 400; 2016, c. 588.</history><metadata></metadata></law>
