AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION

Summary

The Senate bill revises Section 44-3-3 of the state’s tax code to broaden the list of properties that do not have to pay local property taxes. It adds exemptions for certain religious dwellings, schools, charities, veterans groups, fraternal organizations, volunteer fire and ambulance corps, nuclear‑shelter improvements, aircraft that have paid a fee, manufacturer inventory, and other specific assets. The changes affect owners of these properties and set limits on acreage, value or other conditions where noted.

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