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2002 SESSION

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HB 356 Sales and use tax exemption; Shenandoah Valley Comm. Residences, Inc.

Introduced by: Beverly J. Sherwood | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Sales and use tax exemption; Shenandoah Valley Community Residences, Inc. Provides a sales and use tax exemption for a federally tax-exempt organization, from July 1, 2002, through June 30, 2007, that is organized exclusively for the purpose of providing education, training and services to retarded citizens of the Commonwealth, provided that such property is used exclusively for the purpose set forth herein and that such organization receives more than 50 percent of its total funding from federal, state, or local governments. The exemption for such an organization expired July 1, 2001.


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