Bill
SB 5697
Providing a property tax exemption for property owned by a qualifying nonprofit organization and loaned, leased, or rented to and used by any government entity to provide character-building, benevolent, protective, or rehabilitative social services.
2025-2026 Regular Session
Introduced by Manka Dhingra and 3 co-sponsors
Exempts nonprofit-owned property from taxation when leased to government entities for social services, reducing local tax revenue while incentivizing public-nonprofit partnerships.
By resolution, returned to Senate Rules Committee for third reading.