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1996 SESSION
963281204Be 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 Saddler Home, Inc.
A. Saddler Home, 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 at 208 Saddler Drive in the City of Newport News, owned by the Saddler Home, 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.