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1997 SESSION

972264132
SENATE BILL NO. 732
Offered January 8, 1997
A BILL to amend the Code of Virginia by adding two sections numbered 58.1-3650.695 and 58.1-3650.696, designating certain organizations to be exempt from property taxation.
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Patrons-- Bolling; Delegate: Bloxom
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Referred to the 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 two sections numbered 58.1-3650.695 and 58.1-3650.696 as follows:

§ 58.1-3650.695. Property of Mathews Youth Center, Inc.

A. The Mathews Youth Center, Inc., a nonprofit organization, is hereby designated as a benevolent organization within the context of Section 6(a)(6) of Article X of the Constitution of Virginia.

B. Property located in Mathews County, owned by the Mathews Youth Center, Inc., and used by it exclusively for benevolent purposes on a nonprofit basis as set forth in subsection A of this section, is hereby determined to be exempt from local taxation.

§ 58.1-3650.696. Property of Mathews County Woman's Club and Mathews County Junior Woman's Club.

A. The Mathews County Woman's Club and the Mathews County Junior Woman's Club, two nonprofit organizations, are hereby designated as benevolent organizations within the context of Section 6(a)(6) of Article X of the Constitution of Virginia.

B. Property located in Mathews County, owned by the Mathews County Woman's Club and the Mathews County Junior Woman's Club and used by them exclusively for benevolent purposes on a nonprofit basis as set forth in subsection A of this section, is hereby determined to be exempt from local taxation.