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Glossary of Legislative Terms

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
Senate Committee References:
  1. Community Affairs (CA)
  2. Finance and Tax (FT)
  3. Rules (RC)

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  • Bill History

  • SB 1512, Original Filed Version (Current Bill Version) Posted 2/27/2025 at 10:02 AM