2009 Regular Session

SENATE BILL 48

File Code: Taxes - Property
Sponsored By:
Senator Haines
Entitled:
Property Tax - Exempt Property of Charitable Organizations

Synopsis:

Increasing from $300,000 to $500,000 the maximum value of property transferred to a nonprofit charitable organization that may qualify for abatement of property tax from the date when the instrument transferring title to the organization is recorded under specified circumstances; and applying the Act to taxable years beginning after June 30, 2009.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
Senate Action
11/13
Pre-filed
1/14
First Reading Budget and Taxation
1/21
Hearing 2/4 at 1:00 p.m.
House Action
No Action

Bill indexed under the following Subjects:

Exemptions
Nonprofit Organizations
Property Tax

Bill affects the following Statute:

Tax - Property
( 7-202 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments: None offered