                                 CODE OF VIRGINIA

EXEMPT ORGANIZATION&#8217;S USE OF PROPERTY OWNED BY ANOTHER (§ 58.1-3652)

Any county, city, or town may exempt any real or personal property, the legal
title to which is held by any person, firm, or corporation, subject to the sole
use or occupancy by a nonprofit entity exempt from federal income taxation under
§ 501(c)(3) of the Internal Revenue Code, provided such nonprofit entity (i)
has not agreed to surrender its interest in the property and (ii) uses such
property solely to (a) exhibit or display Warbirds to the general public or
otherwise use Warbirds for educational purposes, including such flights as are
necessary for testing, maintaining, or preparing such aircraft for safe
operation, or (b) demonstrate the performance of Warbirds at airshows and flight
demonstrations of Warbirds, including such flights as are necessary for testing,
maintaining, or preparing such aircraft for safe operation.
		For purposes of this section, &#8220;Warbirds&#8221; means airplanes that were
manufactured prior to 1955 and intended for military use.

HISTORY: 2014, cc. 60, 185.