Provides an exemption from real property taxes for certain volunteer firefighter organizations leasing property to ambulance companies.

This bill amends the real property tax law to exempt from taxation real property owned by incorporated associations of volunteer firefighters, volunteer fire companies, or fire departments if leased to an ambulance company for exclusive ambulance use. The exemption is limited to the portion of the property used for ambulance purposes, and the total exemption for any one organization cannot exceed $20,000. The exemption applies to tax years commencing on and after the effective date of the act.

Provides an exemption from real property taxes for certain volunteer firefighter organizations leasing property to ambulance companies.

This bill amends the real property tax law to exempt from taxation real property owned by incorporated associations of volunteer firefighters, volunteer fire companies, or fire departments if leased to an ambulance company for exclusive ambulance use. The exemption is limited to the portion of the property used for ambulance purposes, and the total exemption for any one organization cannot exceed $20,000. The exemption applies to tax years commencing on and after the effective date of the act.