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2004 SESSION
047643772Be it enacted by the General Assembly of Virginia:
1. That the Code of Virginia is amended by adding a section numbered 58.1-609.10.01 as follows:
§ 58.1-609.10.01. Nonprofit cultural organizations exempt from sales and use tax.
Beginning July 1, 2004, and ending July 1, 2008, the tax imposed by this chapter or pursuant to the authority granted in §§ 58.1-605 and 58.1-606 shall not apply to tangible personal property purchased for use or consumption by a nonprofit corporation exempt from federal income taxation pursuant to § 501 (c) (3) of the Internal Revenue Code and organized to monitor, assess, and advise a health care company on all fundraising and donor-related matters, and attain the fundraising goals established by the Loudoun Healthcare, Inc., Board of Directors.