This amendment narrows the state property tax exemption to apply only to lands (not all property), clarifies that the exemption applies regardless of land use, allows taxation of improvements and other property not owned by the state, and extends the sunset date to January 1, 2027.
- Updates the bill title to reference clarification of taxability of state-owned lands and applicability provisions. (Page 1, line 2)
- Changes the statutory reference to specify amendment of subsection (a)(ii) and paragraph (xlvi) instead of just (a). (Page 1, line 8)
- Replaces the blanket exemption for all state property with a more limited framework: exempts only state property owned and used primarily for governmental purposes (including leased school lands and agricultural lands), while explicitly stating that improvements and other non-state property are not exempt. Establishes a separate paragraph (xlvi) that exempts state-owned lands regardless of use but allows taxation of other property and improvements. (Page 2, lines 1-3)
- Extends the sunset date from December 31, 2026 to January 1, 2027. (Page 2, line 23)
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