SB 2973

Principle Criteria
neutral
Free Enterprise
neutral
Property Rights
neutral
Personal Responsibility
neutral
Limited Government
neutral
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 (1)
Paul Bettencourt
Related Legislation
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