Virginia § 15.2-6314 - Exemption from taxation; authorities to be municipal corporate instrumentalities of Commonwealth
Full text of Virginia Code of Virginia § 15.2-6314 — Exemption from taxation; authorities to be municipal corporate instrumentalities of Commonwealth, with citation guidance and answers to common questions.
§ 15.2-6314. Exemption from taxation; authorities to be municipal corporate instrumentalities of Commonwealth
The bonds or other securities issued by an authority, the interest thereon, and all real and personal property and any interest therein of an authority, and all income derived therefrom by an authority shall at all times be free from taxation by the Commonwealth, or by any political subdivision thereof. The authority shall be regarded as a municipal corporate instrumentality of the Commonwealth for the purpose of discharging its functions and exercising its powers under this chapter.
Code 1950, § 15-952; 1954, c. 645; 1962, c. 623, § 15.1-1335; 1997, c. 587.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 15.2-6314
What does Code of Virginia § 15.2-6314 cover?
Section 15.2-6314 ("Exemption from taxation; authorities to be municipal corporate instrumentalities of Commonwealth") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 15.2-6314?
A common citation format is "Code of Virginia § 15.2-6314" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 15.2-6314 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.