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AR HB1599

Bill

Official Source

Status

Introduced

2/26/2025

Primary Sponsor

Randy Torres

Click for details

Origin

House of Representatives

95th General Assembly (2025 Regular)

AI Summary

  • Expands property tax exemptions for institutions of purely public charity to include motor vehicles as defined in § 26-52-103
  • Motor vehicles must be subject to a lease of at least 12 months by the institution of public charity to qualify for the exemption
  • Existing exemptions for charity buildings, land actually occupied by the institution, and money/credits used solely to sustain the institution remain unchanged
  • Effective for assessment years beginning on or after January 1, 2026

Legislative Description

To Provide For Certain Property To Be Exempt From Taxation.

Last Action

WITHDRAWN BY AUTHOR

3/11/2025

Committee Referrals

Revenue and Taxation2/26/2025

Full Bill Text

No bill text available