HB 2320 Summary

• Adds new section 42-11132.02 to classify property leased to veterans' organizations as class nine property, with reduced tax obligations if only part of a parcel is leased to a veterans' organization.

• Requires veterans' organizations leasing property to annually file affidavits with the assessor confirming continued use for veterans' operations and that they are the sole economic beneficiary of the class nine classification.

• Exempts property owned and leased by veterans' organizations (recognized under IRS section 501(c)(3) or 501(c)(19)) from taxation if primarily used for veterans' organization operations, with no requirement for subsequent affidavits after initial filing until ownership or use changes.

• Amends sections 42-11152 and 42-11153 to except veterans' organization properties under section 42-11132.02 from standard affidavit filing requirements and deadlines.

• Adds paragraph 6 to section 42-12009 establishing class nine property classification for real property leased to United States veterans' organizations that operate veterans' posts on the premises.