S.73

Temporarily reinstates property tax exemption for non-profit hospital properties and establishes a study commission.

This bill reinstates property tax exemptions for non-profit hospital properties for tax years 2022 and 2023 if they were exempt in 2015. It also bars litigation over the tax status of these properties during this period. Additionally, it establishes the "Non-Profit Hospital Property Tax Exemption Study Commission" to study the current law, modern hospital operations, and propose updates to ensure fairness to non-profit hospitals, municipalities, and taxpayers. The commission will issue a report within one year and expire 90 days after its submission.