CODE OF VIRGINIA

EXEMPTION FROM TAXATION (§ 15.2-1751)

Any academy created under the provisions of this article shall not be required
to pay taxes or assessments upon any project or upon any property acquired or
used by it or upon the income therefrom and income derived from bonds shall be
exempt at all times from every kind and nature of taxation by this Commonwealth
or by any of its political subdivisions, municipal corporations, or public
agencies of any kind.

HISTORY: 1993, c. 935, § 15.1-159.7:5; 1997, c. 587.