SB 1512: Property Tax Exemption and Assessment Limitation on Long-term Leased Property
GENERAL BILL by Avila
Property Tax Exemption and Assessment Limitation on Long-term Leased Property; Providing that property that receives a certain tax exemption shall be assessed in a specified manner; providing that changes, additions, and improvements to such properties shall be assessed in a specified manner; requiring the submission of an application containing specified information before receiving a specified tax exemption; providing specified tax exemptions for property that meets certain eligibility requirements, etc.
Effective Date: On the effective date of the amendment to the State Constitution proposed by SJR 1510 or a similar joint resolution having substantially the same specific intent and purpose, if such amendment is approved at the next general election
Last Action: 3/25/2025 Senate - Now in Finance and Tax
Bill Text: Web Page | PDF
Last Action: 3/25/2025 Senate - Now in Finance and Tax
Bill Text: Web Page | PDF
Senate Committee References:
- Community Affairs (CA)
- Finance and Tax (FT)
- Rules (RC)
Bill History
| Date | Chamber | Action |
|---|---|---|
| 2/27/2025 | Senate |
• Filed |
| 3/6/2025 | Senate |
• Referred to Community Affairs; Finance and Tax; Rules |
| 3/10/2025 | Senate |
• Introduced |
| 3/20/2025 | Senate |
• On Committee agenda-- Community Affairs, 03/25/25, 11:00 am, 37 Senate Building |
| 3/25/2025 | Senate |
• Favorable by Community Affairs; YEAS 7 NAYS 1 • Now in Finance and Tax |
