Property tax exemption established for certain property owned and operated by a congressionally chartered veterans service organization.

This bill establishes a property tax exemption for certain property owned and operated by a congressionally chartered veterans service organization. The exemption applies to property used for recreational purposes, including marinas, golf courses, and seasonal residential recreational property. The commissioner of veterans affairs must provide a list of eligible organizations to the commissioner of revenue. The exemption is effective beginning with assessment year 2025.

Property tax exemption established for certain property owned and operated by a congressionally chartered veterans service organization.

This bill establishes a property tax exemption for certain property owned and operated by a congressionally chartered veterans service organization. The exemption applies to property used for recreational purposes, including marinas, golf courses, and seasonal residential recreational property. The commissioner of veterans affairs must provide a list of eligible organizations to the commissioner of revenue. The exemption is effective beginning with assessment year 2025.