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Glossary of Legislative Terms

HB 1259: Property Tax Exemption and Assessment Limitation on Long-term Leased Property

GENERAL BILL by Busatta

Property Tax Exemption and Assessment Limitation on Long-term Leased Property; Provides that property that receives certain tax exemption shall be assessed in specified manner; requires property that no longer meets eligibility requirements to be assessed in alternative manner; requires submission of application containing specified information before receiving specified tax exemption; provides specified tax exemptions to property that meets certain eligibility requirements.

Effective Date: on the effective date of the amendment to the State Constitution proposed by HJR 1257 or a similar joint resolution having substantially the same specific intent and purpose
 Last Action: 2/26/2025 House - Filed
Bill Text: PDF


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Bill History

Date Chamber Action
2/26/2025 House • Filed