SEARCH SITE

VIRGINIA LAW PORTAL

SEARCHABLE DATABASES

ACROSS SESSIONS

Developed and maintained by the Division of Legislative Automated Systems.

2004 SESSION

047643772
SENATE BILL NO. 500
Offered January 14, 2004
Prefiled January 14, 2004
A BILL to amend the Code of Virginia by adding a section numbered 58.1-609.10.01, relating to retail sales and use tax exemptions; nonprofit civic and community service organizations.
----------
Patrons-- Mims; Delegates: Black, May and Rust
----------
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 58.1-609.10.01 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.