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2004 SESSION

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HB 473 Property exempt from taxation; changes in provisions for certain charitable organizations.

Introduced by: Samuel A. Nixon, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Property tax exemptions; charitable organizations. Modifies the "grandfathering" of property tax exemptions for certain charitable organizations that were granted through classification by the General Assembly (prior to the Constitutional amendment, effective January 1, 2003, that gave such exemption authority solely to localities) to include property (i) that was owned by such an exempt organization as of January 1, 2003, and (ii) that, as determined by a court of competent jurisdiction, was taxed by the locality but should not have been. Current law grandfathers only such property that actually was not being taxed by the locality as of January 1, 2003.


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