Providing a property tax exemption for property owned by a qualifying nonprofit organization and loaned, leased, or rented to and used by any government entity to provide character-building, benevolent, protective, or rehabilitative social services.
Impact
If enacted, HB1094 would significantly impact state laws pertaining to property taxes, specifically by creating a framework in which the state can recognize and facilitate the role of nonprofit organizations in delivering social services. It would provide a financial incentive for nonprofits to partner with governmental bodies, ultimately enhancing collaboration in the delivery of social services that might benefit community welfare and social health.
Summary
House Bill 1094 proposes a property tax exemption for properties owned by qualifying nonprofit organizations that are loaned, leased, or rented to government entities. The bill's main objective is to enhance the provision of character-building, benevolent, protective, or rehabilitative social services by making it financially easier for nonprofits to operate in conjunction with government agencies. By alleviating property tax burdens, the bill aims to ensure that these organizations can focus their resources on service delivery rather than financial obligations.
Contention
While the bill appears to provide beneficial tax relief for nonprofits and is likely to receive support from those organizations and their advocates, potential points of contention may arise regarding the definition of 'qualifying nonprofit organizations.' Concerns could emerge from stakeholders who question whether the financial benefits are being equalized for all types of nonprofits and how this exemption might affect state and local tax revenues. Additionally, there could be debates about ensuring that the services provided in exchange for such tax exemptions meet community needs effectively and equitably.
Crossfiled
Providing a property tax exemption for property owned by a qualifying nonprofit organization and loaned, leased, or rented to and used by any government entity to provide character-building, benevolent, protective, or rehabilitative social services.
Providing a property tax exemption for qualified real and personal property owned or used by a nonprofit entity in providing qualified housing funded in whole or part through a local real estate excise tax.
Establishing a property tax exemption for adult family homes that serve people with intellectual or developmental disabilities and are owned by a nonprofit.
Establishing a property tax exemption for adult family homes that serve people with intellectual or developmental disabilities and are owned by a nonprofit.