SB3515

SB3515 amends the Property Tax Code to expand the definition of "institution of public charity" to include certain not-for-profit entrepreneurial.

SB3515 amends the Property Tax Code to expand the definition of "institution of public charity" to include not-for-profit organizations that are organized and operated primarily as entrepreneurial support organizations. These organizations must provide affirmative evidence that they are exempt under Section 501(c)(3) of the Internal Revenue Code and that the property is used for the provision of services typically provided by entrepreneurial support organizations.