CODE OF VIRGINIA

BONDS EXEMPT FROM TAXATION (§ 15.2-5422)

Bonds, their transfer and the income therefrom, including any profit made on the
sale thereof, shall at all times be exempt from all taxation by the Commonwealth
or any political subdivision thereof, except inheritance or gift taxes.

HISTORY: 1979, c. 416, § 15.1-1625; 1997, c. 587.