SENATE BILL 927

Sponsored By:

Senator Simonaire

Entitled:

Property Tax Exemption for Charitable or Educational Purposes - Property for Benefit of Qualifying Organization

Synopsis:

Adding specified requirements for property to be eligible for a specified property tax exemption for property used for charitable or educational purposes; requiring the Department of Assessments and Taxation to adopt regulations related to the specified requirements; applying the Act to all taxable years beginning after June 30, 2011; etc.

History by Legislative and Calendar Date

Senate Action

2/24

First Reading Senate Rules

3/2

Re-referred Budget and Taxation

Hearing 3/23 at 1:00 p.m.

3/17

Hearing cancelled

3/21

Unfavorable Report by Budget and Taxation Withdrawn

House Action

No Action

Bill indexed under the following Subjects:

Assessments and Taxation, Department of

Corporations -see also- Municipal Corps; Public Corps & Inst

Education -see also- Driver Ed; Higher Ed; Special Ed; etc

Exemptions

Limited Liability Companies

Nonprofit Organizations

Property Tax

Rules and Regulations

Bill affects the following Statute:

Tax - Property

( 7-202 )

Documents

Bill Text: First Reading, Third Reading, Enrolled

Fiscal and Policy Note: Not available at this time

Amendments: None offered