                                 CODE OF VIRGINIA

PUBLIC PURPOSE; EXEMPTION FROM TAXATION (§ 33.2-1933)

It is hereby found, determined, and declared that the creation of any
transportation district pursuant to this chapter and the carrying out of the
corporate purposes of any such transportation district is in all respects for
the benefit of the people of the Commonwealth and is a public purpose and that
the transportation district and the commission will be performing an essential
governmental function in the exercise of the powers conferred by this chapter.
Accordingly, the transportation district shall not be required to pay taxes or
assessments upon any of the property acquired by it or under its jurisdiction,
control, possession, or supervision or upon its activities in the operation and
maintenance of any transportation facilities or upon any revenues therefrom, and
the property and the income derived therefrom shall be exempt from all state,
municipal, and local taxation. This exemption shall include all motor vehicle
license fees, motor vehicle sales and use taxes, retail sales and use taxes, and
motor fuel taxes. The governing body of any political subdivision within a
transportation district may refund in whole or in part any payments for taxes or
license fees or abate in whole or in part any assessments for taxes or license
fees on any property exempt from taxation or license fees under this section
that were assessed and levied prior to the acquisition of any transportation
facilities by a transportation district.

HISTORY: 1964, c. 631, § 15.1-1370; 1975, c. 486; 1997, c. 587, § 15.1-4532;
2014, c. 805.