                                 CODE OF VIRGINIA

DEFINITIONS (§ 36-158)

As used in this chapter:
		&#8220;Based assessed value&#8221; means the assessed value of real estate
within a housing revitalization zone as shown upon the records of the local
assessing officer on January 1 of the year preceding the date of the designation
of such zone.
		&#8220;Business firm&#8221; means any corporation, partnership, electing small
business (Subchapter S) corporation, limited liability company, or sole
proprietorship authorized to do business in the Commonwealth and subject to tax
imposed under Articles 2 (§ 58.1-320 et seq.) and 10 (§ 58.1-400 et seq.) of
Chapter 3, Chapter 12 (§ 58.1-1200 et seq.), Article 1 (§ 58.1-2500 et seq.)
of Chapter 25, or Article 2 (§ 58.1-2620 et seq.) of Chapter 26 of Title 58.1.
		&#8220;Department&#8221; means the Department of Housing and Community
Development.
		&#8220;Fund&#8221; means the Housing Revitalization Zone Fund.
		&#8220;Housing revitalization zone&#8221; means an area declared by the
Governor to be eligible for the benefits of this chapter.
		&#8220;Housing unit&#8221; means any building, structure, or portion thereof,
which is occupied as, or intended for occupancy as, a residence by one or more
families.
		&#8220;Local zone administrator&#8221; means the chief executive of the
county, city, or town in which a housing revitalization zone is located, or his
designee.
		&#8220;Planning district&#8221; means a contiguous area within the boundaries
established by the Department of Housing and Community Development.
		&#8220;Qualified business firm&#8221; means a business firm designated as a
qualified business firm by the Department pursuant to § 36-165.
		&#8220;Qualified owner occupant&#8221; means the owner of a housing unit who
also uses the housing unit as the owner&#8217;s residence, and who is designated
as a qualified owner occupant pursuant to § 36-165.

HISTORY: 2000, cc. 789, 795.