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1997 SESSION

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976184492
HOUSE BILL NO. 1746 Offered January 8, 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-- Woodrum and Thomas ---------- 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 Virginia Museum of Transportation, Inc.

A. The Virginia Museum of Transportation, Inc., a nonprofit corporation, is hereby designated as a cultural, educational and historical organization within the context of Section 6(a)(6) of Article X of the Constitution of Virginia.

B. Property located in the City of Roanoke, owned by the Virginia Museum of Transportation, Inc., and used by it exclusively for cultural, educational and historical purposes on a nonprofit basis as set forth in subsection A of this section, is hereby determined to be exempt from local taxation.