Exempts from property taxation real property privately owned and leased to certain public entities for public purposes.
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Progress
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- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill exempts real property that is privately owned and leased to certain public entities – such as state agencies, counties, municipalities, and school districts – for public purposes from property taxation. Specifically, it covers uses like government operations, stadiums, historical exhibits, and leases to exempt nonprofit organizations or other educational entities. The exemption applies to buildings and land, but not property acquired through foreclosure using public funds.
Bill text
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Document of record
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1 on record
Primary sponsor
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