Allows the alteration or repeal of real property tax exemptions for certain private institutions of higher education by the passage of a private bill by the legislature and approval by the governor.
Repeals the tax exempt status of private universities that received real property tax exemptions of one hundred million dollars or more during the prior fiscal year.
Repeals the tax exempt status of private universities that received real property tax exemptions of one hundred million dollars or more during the prior fiscal year.