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1996 SESSION

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963019700
HOUSE BILL NO. 127 Offered January 10, 1996 A BILL to amend the Code of Virginia by adding a section numbered 58.1-3650.650, designating certain organizations to be exempt from property taxation. ----------
Patrons-- Reid, Cox, Cunningham, Hall, Ingram, Nixon and Watkins; Senators: Benedetti and Martin
---------- 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 58.1-3650.650 as follows:

§ 58.1-3650.650. Property of Richmond Metropolitan Habitat for Humanity, Inc.

A. Richmond Metropolitan Habitat for Humanity, Inc., a nonprofit organization, is hereby designated as a charitable and benevolent organization within the context of Section 6(a)(6) of Article X of the Constitution of Virginia.

B. Property located in Chesterfield County, owned by Richmond Metropolitan Habitat for Humanity, Inc., and used by it exclusively for charitable and benevolent purposes on a nonprofit basis as set forth in subsection A of this section, is hereby determined to be exempt from local taxation.