California AB1668 amends property tax laws to provide a welfare exemption for certain nonprofit land conservation organizations.

California AB1668 amends the Revenue and Taxation Code to provide a property tax exemption for nonprofit land conservation organizations. This exemption applies to properties used exclusively for the preservation of native plants, animals, biotic communities, geological or geographical formations, or open-space lands for recreation and scenic enjoyment. The exemption is subject to certain conditions, including the property being open to the public with reasonable restrictions and being owned and operated by a scientific or charitable organization.

California AB1668 amends property tax laws to provide a welfare exemption for certain nonprofit land conservation organizations.

California AB1668 amends the Revenue and Taxation Code to provide a property tax exemption for nonprofit land conservation organizations. This exemption applies to properties used exclusively for the preservation of native plants, animals, biotic communities, geological or geographical formations, or open-space lands for recreation and scenic enjoyment. The exemption is subject to certain conditions, including the property being open to the public with reasonable restrictions and being owned and operated by a scientific or charitable organization.