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Senate hearing examines property tax exemption for charitable equine event facilities
Summary
Senator Jeff Magrum, sponsor of Senate Bill 2312, asked the Senate Finance and Taxation Committee to recommend a due pass for a measure that would exempt property owned by charitable organizations and used “primarily for the purpose of equine events that are not conducted for profit.”
Senator Jeff Magrum, sponsor of Senate Bill 2312, asked the Senate Finance and Taxation Committee to recommend a due pass for a measure that would exempt property owned by charitable organizations and used “primarily for the purpose of equine events that are not conducted for profit.”
Magrum told the committee the exemption “will help keep costs down for long term viability of equine events,” saying it “will help our horse lovers continue to showcase their horses and hopefully keep young people interested.”
Supporters who testified said small rodeos and racetracks are often strapped for funds and that relief from property tax could preserve local events. Lee Bakos, a longtime rodeo participant, told the committee…
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