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1999 SESSION

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993524416
HOUSE BILL NO. 1516 Offered January 13, 1999 Prefiled December 30, 1998 A BILL to amend the Code of Virginia by adding a section numbered 58.1-3650.804, designating certain organizations to be exempt from property taxation. ---------- Patrons-- Putney; Senator: Newman ---------- 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 58.1-3650.804 as follows:

§ 58.1-3650.804. Property of the Maupin-Sizemore Foundation.

A. The Maupin-Sizemore Foundation, a nonprofit organization, is hereby designated as a religious and charitable organization within the context of Section 6(a)(6) of Article X of the Constitution of Virginia.

B. Property located in the City of Bedford, owned by the Maupin-Sizemore Foundation and used by it exclusively for religious and charitable purposes on a nonprofit basis as set forth in subsection A of this section, is hereby determined to be exempt from local taxation.