Bill
LC 2511
Overview: Bill Number: LC 2511, Title: Exempt certain athletic facilities from the beneficial use tax, Status: (LC) Draft Died in Process, Introduced: December 08, 2024Purpose and
Overview: Bill Number: LC 2511, Title: Exempt certain athletic facilities from the beneficial use tax, Status: (LC) Draft Died in Process, Introduced: December 08, 2024
Purpose and Intent: The purpose of this bill is to provide tax relief for certain athletic facilities, such as privately-owned gyms, fitness centers, and sports complexes, by exempting them from the state's "beneficial use tax." The intent is to support the operation and growth of these types of facilities, which can provide important recreational and health benefits to local communities.
Key Provisions:
- Exempt privately-owned athletic facilities from the beneficial use tax, which is a tax levied on the use of tax-exempt property for commercial purposes
- Define the specific types of facilities that would qualify for the exemption, such as gyms, fitness centers, sports complexes, and related amenities
- Establish criteria and requirements for facilities to be eligible for the tax exemption, such as minimum size, public access, and non-profit status
Affected Parties and Impacts:
- Privately-owned athletic and fitness facilities that would no longer be subject to the beneficial use tax
- Local governments that may see a reduction in tax revenue from these facilities
- Residents and community members who use the exempt facilities for recreation and wellness
Procedural and Timeline Considerations: This bill is currently in the draft stage and has not yet been formally introduced in the legislature. If introduced, it would need to go through the standard legislative process, including committee hearings and votes in both the House and Senate, before potentially being signed into law by the governor.
Compiled from official sources — confirm details with the bill’s official record.
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