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1998 SESSION

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989111633
SENATE BILL NO. 147 Offered January 14, 1998 A BILL to amend the Code of Virginia by adding a section numbered 58.1-3650.749, designating an organization to be exempt from property taxation. ---------- Patron-- Colgan ---------- 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 58.1-3650.749 as follows:

§ 58.1-3650.749. Property of Gainsville Ruritan Club.

A. Gainsville Ruritan Club, 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 Prince William County, owned by Gainsville Ruritan Club, 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.