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1996 SESSION

966451378
HOUSE BILL NO. 145
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.
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Patrons-- Nelms, Councill, Moore and Spruill; Senator: Quayle
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Referred to Committee on Finance
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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 Birdsong Trust Fund

A. The Birdsong Trust Fund, a nonprofit organization, is hereby designated as a charitable organization within the context of Section 6(a)(6) of Article X of the Constitution of Virginia.

B. Property located in the City of Suffolk, owned by the Trustees of the Birdsong Trust Fund, and used exclusively for charitable purposes on a nonprofit basis as set forth in subsection A of this section, is hereby determined to be exempt from local taxation.