Property tax exemption for nonprofit museum.

11LSO-0039.L1

FISCAL NOTE

No significant fiscal or personnel impact.

Currently there is less than $5,000 being generated to local county governments across the state from properties that could possibly be considered exempt under this new exemption.  It appears that most counties are currently already exempting these types of properties.  The new proposed language would further support existing exemptions and ensure that they aren’t added to the assessment rolls in the future.

Prepared by:   Dean Temte, LSO  Phone: 777-7881

(Information provided by Marvin Applequist, Dept. of Revenue’ 777-5235)