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1997 SESSION

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SB 790 Sales tax exemption; Commonwealth Players, Inc.

Introduced by: Joseph B. Benedetti | all patrons    ...    notes | add to my profiles

SUMMARY:

Sales and use tax exemption; nonprofit cultural organizations. Grants a sales and use tax exemption to a nonstock, nonprofit performing arts organization exempt from taxation pursuant to § 501 (c) (3) of the Internal Revenue Code which (i) provides professional theatrical productions at a reasonable cost to audiences in the Commonwealth, (ii) receives financial support from the Commonwealth, (iii) leases facilities from the Virginia Museum of Fine Arts, and (iv) is dedicated to engendering an appreciation for theatre in the Commonwealth. Commonwealth Players, Inc., doing business as Theatre Virginia, would be a beneficiary of the legislation.


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