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1995 SESSION

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LD8512759
SENATE BILL NO. 642 Offered January 11, 1995 Prefiled January 10, 1995 A BILL to amend the Code of Virginia by adding a section numbered 58.1-3650.610, designating certain organizations to be exempt from property taxation. ----------
Patrons--Woods, Barry, Calhoun and Saslaw; Delegates: Fisher, O'Brien, Parrish and Puller
---------- Referred to the 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 58.1-3650.610 as follows:

§ 58.1-3650.610. Property of the Fairfax County Symphony Orchestra, Inc.

A. The Fairfax County Symphony Orchestra, Inc., a nonprofit organization, is hereby designated as a cultural organization within the context of Section 6(a)(6) of Article X of the Constitution of Virginia.

B. Property located in Fairfax County, owned by the Fairfax County Symphony Orchestra, Inc., and used by it exclusively for cultural purposes on a nonprofit basis as set forth in subsection A of this section, is hereby determined to be exempt from local taxation.