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1996 SESSION

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961921743
SENATE BILL NO. 3 Offered January 10, 1996 Prefiled December 6, 1995 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-- Stosch, Benedetti, Lambert and Marsh; Delegates: Barlow, Cantor, Cunningham, Grayson, Jones, D.C., McEachin and Reid
---------- 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 58.1-3650.650 as follows:

§ 58.1-3650.650. Property of Our Lady of Hope Health Center, Inc.

A. Our Lady of Hope Health Center, 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 Henrico County, owned by Our Lady of Hope Health Center, 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.