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HB 0981 - Ad Valorem Exemption; Home for the Mentally Disabled
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Tracking Level: Evaluating
Sponsor: Harrell, Brett 106th
Last Action: 2/26/2016 - Senate Read and Referred
House Committee: W&M
Senate Committee: FIN
Assigned To:
Clint MuellerNext Bill
Property TaxNext Bill

Staff Analysis of the Legislation
The current House substitute to this bill (LC 34 4851S) expands the ad valorem tax exemption for property of nonprofit homes for the mentally disabled by allowing indirect ownership through certain for profit entities such as a limited liability company or limited partnership. The bill is subject to approval in a statewide referendum.

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text






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