Extending property tax exemptions to property used exclusively by certain nonprofit organizations that is leased from an entity that acquired the property from a previously exempt nonprofit organization.
Summary
Establishes a property tax exemption for property owned by a church and leased to a youth character building organization.
Provides a property tax exemption for an entity leasing property to a youth character building organization if the immediate previous owner had received an exemption and the benefit is passed on to the lessee.
From the Substitute House Bill Report (SSB 6600), written by the Legislature's nonpartisan staff. Read the full report ↗
AN ACT Relating to extending property tax exemptions to property used exclusively by certain nonprofit organizations that is leased from an entity that acquired the property from a previously exempt nonprofit organization;