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Bill would exempt conservation nonprofits from CAUV recoupment fees
Summary
Senate Bill 285 would clarify that 501(c)(3) conservation organizations are exempt from CAUV recoupment fees when they acquire land for conservation; sponsors said the exemption would apply unless the land is later converted to non-conservation use, in which case recoupment applies with a three-year look-back.
Sponsor testimony for Senate Bill 285 explained the bill would clarify an existing property tax exemption for conservation land held by 501(c)(3) nonprofits so those organizations are not charged CAUV recoupment fees after acquiring formerly CAUV-classified property for conservation use.
The spon…
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