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Senate approves expansion of property tax exemption to fully leased public‑use parcels; charter school impact debated
Summary
The Senate advanced first substitute Senate Bill 76 to allow an annual property‑tax exemption when an entire parcel is 100% leased to state or local government entities under a triple‑net lease, with debate focused on administrative complexity and effects on charter schools and local tax receipts; the bill passed on third reading.
The Utah Senate voted to advance first substitute Senate Bill 76, a bill that broadens a property‑tax exemption to apply where an entire tax parcel is leased 100% to state or local government entities under a triple‑net lease. Sponsor Senator Hemmert said the measure addresses situations where public services are delivered from leased space and argued the exemption prevents tax dollars intended for services from being used to pay property tax.
Senator Hemmert explained the policy and administrative choices on the floor: the exemption applies only when an entire tax parcel is leased to a qualifying public lessee on a triple‑net basis, and the exemption must be applied for…
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