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