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1996 SESSION

961916256
HOUSE BILL NO. 2
Offered January 10, 1996
Prefiled November 17, 1995
A BILL to amend the Code of Virginia by adding sections numbered 58.1-3650.650 and 58.1-3650.651, designating certain organizations to be exempt from property taxation.
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Patron-- Guest
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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 sections numbered 58.1-3650.650 and 58.1-3650.651 as follows:

§ 58.1-3650.650. Property of Shenandoah Valley Community Residences, Inc.

A. Shenandoah Valley Community Residences, Inc., a nonprofit corporation, 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 Frederick County, owned by Shenandoah Valley Community Residences, 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.

§ 58.1-3650.651. Property of Special Love, Inc.

A. Special Love, Inc., a nonprofit corporation, 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 Frederick County, owned by Special Love, 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.