Bill No.:         HB0021                                             Drafter: MQ

LSO No.:       14LSO-0155                                     Effective Date: 1/1/2015

Enrolled Act No.:    HEA0054

Chapter No.:                        CH0078

Prime Sponsor:       Joint Revenue Interim Committee

Catch Title:              Property tax exemption-charity.

Subject:                     Clarifies what qualifies for a property tax exemption for a charity.

Summary/Major Elements:

· Clarifies which property qualifies for a property tax exemption for a charity;

· Requires property owned by a charitable trust to conform to the charity laws of this state and that the charity must be beneficial to the people of this state;

· Requires property owned and used by any fraternal organization (at a college or university), senior citizens center or charitable society or organization to be used by the organization and not be used for private profit or commercial purposes by that organization;

· Requires that property owned and used by a secret and benevolent society or association must be directly beneficial to the people of this state and not used for private profit or commercial purposes by that association.