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2000 SESSION

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008376540
SENATE BILL NO. 137 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-- Stosch; Delegate: Cantor ---------- 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 Needle's Eye Ministries, Inc.

A. Needle's Eye Ministries, Inc., a nonprofit corporation, is hereby designated as a religious organization within the context of Section 6(a)(6) of Article X of the Constitution of Virginia.

B. Real property located in the City of Richmond owned by Needle's Eye Ministries, Inc., and used by such organization exclusively for religious purposes on a nonprofit basis as set forth in subsection A of this section, is hereby determined to be exempt from local taxation.