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2000 SESSION

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005550876
HOUSE BILL NO. 312 Offered January 12, 2000 A BILL to amend the Code of Virginia by adding a section numbered 58.1-3650.848, designating certain organizations to be exempt from property taxation. ---------- Patrons-- Orrock and Dickinson; Senator: Houck ---------- Referred to Committee on Finance ----------

Be it enacted by the General Assembly of Virginia:

1. That the Code of Virginia is amended by adding a section numbered 58.1-3650.848 as follows:

§ 58.1-3650.848. Property of the Central Virginia Housing Coalition, Inc.

A. The Central Virginia Housing Coalition, Inc., a nonprofit corporation, is hereby designated as a charitable organization within the context of Section 6(a)(6) of Article X of the Constitution of Virginia.

B. Property located at 202 Charles Street, Tax Map #90, Parcel 202; 401-405 Dixon Street, Tax Map #90, Parcel 405; 912-914 Lafayette Boulevard, Tax Map #131, Parcels 912 and 914; and 17.5 acres, north side of Fall Hill Avenue, Tax Map #A-19, Parcel 84C in the City of Fredericksburg, owned by the Central Virginia Housing Coalition, Inc., and used by it exclusively for charitable purposes on a nonprofit basis as set forth in subsection A of this section, is hereby determined to be exempt from local taxation.