CODE OF VIRGINIA

DEFINITIONS (§ 36-158)

As used in this chapter:”Based assessed value” 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.”Business firm” 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.”Department” means
the Department of Housing and Community Development.”Fund” means the
Housing Revitalization Zone Fund.”Housing revitalization zone” means
an area declared by the Governor to be eligible for the benefits of this
chapter.”Housing unit” means any building, structure, or portion
thereof, which is occupied as, or intended for occupancy as, a residence by one
or more families.”Local zone administrator” means the chief
executive of the county, city, or town in which a housing revitalization zone is
located, or his designee.”Planning district” means a contiguous area
within the boundaries established by the Department of Housing and Community
Development.”Qualified business firm” means a business firm
designated as a qualified business firm by the Department pursuant to §
36-165.”Qualified owner occupant” means the owner of a housing unit
who also uses the housing unit as the owner’s residence, and who is
designated as a qualified owner occupant pursuant to § 36-165.

HISTORY: 2000, cc. 789, 795.