58.1-3650 - Post-1971 property exempt from taxation by designation. - Virginia Statutes

§ 58.1-3650. Post-1971 property exempt from taxation by designation.

A. The real and personal property of an organization designated by a sectionwithin this article and used by such organization exclusively for areligious, charitable, patriotic, historical, benevolent, cultural or publicpark and playground purpose as set forth in Article X, Section 6 (a) (6) ofthe Constitution of Virginia, the particular purpose for which suchorganization is classified being specifically set forth within each section,shall be exempt from taxation so long as such organization is operated notfor profit and the property so exempt is used in accordance with the purposefor which the organization is classified. In addition, such exemption may berevoked in accordance with the provisions of § 58.1-3605.

B. Exemptions of property from taxation under this article shall be strictlyconstrued in accordance with the provisions of Article X, Section 6 (f) ofthe Constitution of Virginia.

(1984, c. 675; 1995, c. 346.)