This bill changes how municipalities calculate service charges for tax-exempt organizations.
This bill modifies the calculation for municipal service charges for tax-exempt organizations. It changes the cap on service charges from 2% of the gross annual revenues to 20% of the assessed value of the property held by the institution or organization in the municipality. The bill also requires an audit of the organization's revenues for the previous year to qualify for this limitation. The changes will take effect on January 1, 2027.
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