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WeVote Research Nonpartisan
Bill Summary · LC 1712

Summary of LC 1712 — Revise tax rate for agricultural property owned by certain nonprofits

Overview

LC 1712 is a draft bill introduced on November 20, 2024, titled “Revise tax rate for agricultural property owned by certain nonprofits.” The bill would modify how property taxes are assessed for agricultural property that is owned by qualifying nonprofit organizations. The exact text and specific rate changes are not provided in the summary available here. The draft has progressed through several drafting stages and was delivered to the requester as of March 29, 2025.

Purpose and Intent

  • The primary aim is to change the tax rate applied to agricultural property when the owner is a nonprofit organization meeting designated eligibility criteria.
  • The measure appears to seek to align or adjust the tax burden on nonprofit-owned agricultural land with policy goals related to charitable, educational, conservation, or other nonprofit activities, though the precise objectives and definitions would be in the bill’s text.

Key Provisions (High-Level)

Note: Specific provisions require review of the enacted text. Based on the title and subject, expected areas the bill would address include:
- Eligibility criteria: Defines which nonprofit entities qualify (e.g., certain 501(c) organizations or those meeting specified charitable/conservation uses).
- Tax rate or assessment changes: Revises the rate, classification, or calculation used to tax qualifying agricultural property.
- Property classification: Adjusts how qualifying land is classified under tax rules (which could affect assessed value, exemptions, or rates).
- Transition and implementation: Establishes effective dates, possible transition rules, and any phasing of the new rate.
- Compliance and reporting: May require qualifying nonprofits to certify eligibility or to report on land use and ownership.
- Relationship to existing exemptions: Clarifies interaction with current property tax exemptions or incentives for nonprofit-owned land.

Affected Parties

  • Nonprofit organizations that own agricultural land and meet the bill’s eligibility criteria.
  • Assessors and local tax authorities responsible for valuing and levying property taxes.
  • Local governments and school districts that rely on property tax revenues (potential fiscal impacts).

Fiscal and Local Government Impact

  • Potential shift in property tax revenue for localities if the rate or classification is amended.
  • Possible tax relief for qualifying nonprofits, which could alter operating budgets and land-use decisions.
  • Administrative implications for compliance, reporting, and audit requirements.

Procedural Timeline and Status

  • Introduced: November 20, 2024
  • Draft progression: Multiple drafting stages in late 2024 and early 2025
  • March 29, 2025: Draft in final drafter review, input/proofing, and assembly preparation; draft delivered to requester
  • Status: (LC) Draft Delivered to Requester

Notes

  • The summary reflects the bill’s title and stated purpose. For precise definitions, eligibility standards, rate numbers, and effective dates, the full bill text and official fiscal notes should be consulted when available.

Compiled from official sources — confirm details with the bill’s official record.

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