Chap. 44.—An ACT to amend and re-enact section 435 of the tax Code of
Virginia, providing what property real and personal shall be exempt from
taxation State and local. , [H B 268]

Approved February 21, 1930

I. Be it enacted by the general assembly of Virginia, That sec-
ion four hundred and thirty-five of the tax Code be amended and
e-enacted so as to read as follows:

Section 435. What property, real and personal, exempt from tax-
tion, State and local.—The following property shall be exempt from
axation, State and local:

(a) Property directly or indirectly owned by the State, however
eld, and property lawfully owned and held by counties, cities, towns,
r school districts, used wholly and exclusively for county, city, town,
or public school purposes, and obligations issued by the State since the
fourteenth day of February, eighteen hundred and eighty-two, or
nereafter exempted by law.

(b) Buildings with land they actually occupy, and the furniture
and furnishings therein lawfully owned and held by churches or re-
ligious bodies, and wholly and exclusively used for religious worship,
or for the residence of the minister of any church or religious body,
together with the additional adjacent land reasonably necessary for
the convenient use of any such building.

(c) Private family burying grounds not exceeding one acre .in
area, reserved as such by will or deed, or shown by other sufficient
evidence to be reserved as such, and so exclusively used, and public
burying grounds and lots therein exclusively used for burial purposes,
and not conducted for profit, whether owned or managed by local
authorities or by private corporations. ,

(d) Buildings with the land they actually occupy, and the furni-
ture, furnishings, books and instruments therein, wholly devoted to
educational purposes, belonging to, and actually and exclusively occu-
pied and used by churches, public libraries, incorporated colleges,
academies, industrial schools, seminaries, or other incorporated instt-
tutions of learning including the Virginia Historical Society, which
are not corporations having shares of stock or otherwise owned by
individuals or other corporations; together with such additional ad-
jacent land owned by such churches, libraries and educational insti-
tutions as may be reasonably necessary for the convenient use of such
buildings, respectively; and also the buildings thereon used as resi-
dences by the officers or instructors of such educational institutions and
also the permanent endowment funds held by such libraries and edu-
cational institutions directly or in trust, and not invested in real estate ;
provided, that such libraries and educational institutions are not con-
ducted for profit of any person or persons, natural or corporate, di-
rectly, or under any guise or pretense whatsoever. But the exemption
mentioned in this sub-section shall not apply to any industrial school,
individual or corporate, not the property of the State, which does work
for compensation, or manufactures and sells articles, in the community
in which such school is located; provided, that nothing herein containec
shall restrict any such school from doing work for or selling its owr
products or any other articles to any of its students or employees.

(e) Real estate belonging to, actually and exclusively occupied
and used by, and personal property, including endowment funds, be-
longing to young men’s Christian associations, and other similai
religious associations, orphan or other asylums, reformatories, hos.
pitals and nunneries, which are not conducted for profit, but purely anc
completely as charities.

(f) Buildings with the land they actually occupy, and the furnitur
and furnishings therein, belonging to any benevolent or charitabl
association and used exclusively for lodge purposes or meeting room
by such association, together with such additional adjacent land a
may be necessary for the convenient use of the buildings for sucl
purposes (and the Thomas Jefferson Memorial Foundation, Incor.
porated, and the American Legion shall be deemed benevolent anc
charitable associations).

(g) Property belonging to the Association for the Preservatior
of Virginia Antiquities, the Confederate Memorial Literary Society
and the Mount Vernon Ladies’ Association of the Union, the Manassas
Battlefield Confederate Park, Incorporated, and any corporatior
organized to establish and maintain a museum or museums, with ot
without a library or libraries, provided such corporation be not operated
for profit.

(h) Public wharves, docks and terminals of any city.

No inheritance tax shall be charged, directly or indirectly, against
any legacy or devise made according to law for the benefit of any
institution or other body or any natural or corporate person whose
property is exempt from taxation as hereinbefore mentioned in. this
section.

Nothing contained in this section shall be construed to exempt
from taxation the property of any person, firm, association; or cor-
poration, who shall, expressly or impliedly, directly or indirectly, con-
tract or promise to pay any sum of money or other benefit, on account
of death, sickness, or accident to any of its members or any other
person ; and whenever any building or land, or part thereof, mentioned
in this section and not belonging to the State, shall be leased or shall
be a source of revenue or profit, all of such buildings and land shall be
liable to taxation as other land and buildings in the same county, city
or town; and nothing herein contained shall be construed as author-
izing or requiring any county, city, or town to tax for county, city
or town purposes, in violation of the right of the lessees thereof exist-
ing under any lawful contract heretofore made, any real estate owned
by such county, city or town, and heretofore leased by it. (Constitu-
tion, sec. 183; Code 1919, secs. 2272, 2301: 1924, p. 450.)

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