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1999 SESSION

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CHAPTER 36 An Act to amend the Code of Virginia by adding a section numbered 58.1-3650.804, designating certain property to be exempt from taxation. [H 1787] Approved March 4, 1999

Be it enacted by the General Assembly of Virginia:

1. That the Code of Virginia is amended by adding a section numbered 58.1-3650.804 as follows:

§ 58.1-3650.804. Property of Chesterfield Alternatives, Inc.

A. Chesterfield Alternatives, 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. Real property located in Chesterfield County at 200 North Pinetta Drive, 4104 Coastline Road, and 10713 Ridge Run Road, which is owned by Chesterfield Alternatives, 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.