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1997 SESSION

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976187297
HOUSE BILL NO. 1684 Offered January 8, 1997 Prefiled January 7, 1997 A BILL to amend the Code of Virginia by adding a section numbered 58.1-3650.695, designating certain organizations to be exempt from property taxation. ---------- Patrons-- Hull; Senator: Whipple ---------- 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 58.1-3650.695 as follows:

§ 58.1-3650.695. Property of Falls Church Housing Corporation.

A. The Falls Church Housing Corporation, a nonprofit corporation, 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 at 204 Gibson Street in the City of Falls Church, owned by the Falls Church Housing Corporation and used by it 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.