Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
SB 2973 grants a property tax exemption to nonprofit corporations in counties with populations over 3.3 million if they use their property for promoting agriculture, supporting youth, and providing educational support. The exemption remains valid even if the property generates incidental revenue, as long as the proceeds benefit the nonprofit’s mission​.
Author
Paul Bettencourt