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Committee hears bill to expand nonprofit community-center property tax exemption to surplus university property
Summary
Legislation to extend an existing community-center property-tax exemption to nonprofit organizations that acquire surplus property from nonprofit universities drew testimony from Parkland organizers who say the change would help preserve a community-run center that hosted an emergency warming shelter.
Christina King, staff to the House Finance Committee, briefed members on Senate Bill 5516, which would expand an existing property-tax exemption for community centers so it covers surplus buildings and property acquired from a nonprofit university (an institution already exempt from property tax) when the purchaser is a nonprofit organization converting the property to a community center.
Under current law, the exemption applies when a local school board declares property surplus and the property is sold to a nonprofit that converts it to a community center; the bill would add similar coverage for surplus property acquired from qualifying nonprofit universities. King said the expansion would apply to property taxes due for…
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