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Senate Finance advances bill to close metro-district property tax loophole
Summary
Committee advanced House Bill 25 12 89 to the Committee of the Whole and placed it on the consent calendar. The bill would limit a property tax exemption that has been used when a metropolitan district leases land and the landowner serves on the district board, adding disclosure requirements and oversight.
The Senate Finance Committee on Oct. 12 voted to move House Bill 25 12 89, aimed at closing a property-tax exemption loophole used by some metropolitan districts, to the Committee of the Whole and later cleared it for the Senate consent calendar.
Sponsor testimony said the bill would preserve property-tax exemptions for land leased by metropolitan districts when the land serves a public purpose, but would require disclosure of potential conflicts when landowners serving on a metro district board lease property that receives the exemption. "This is not the intent of the law," sponsor Senator Frizzell said, describing examples in which landowners who sit on a metro district board could receive tax-exempt treatment while a portion of leased property is used for private…
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