Staff Analysis of the Legislation
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This bill changes the ad valorem tax exemption for property owned by a fraternal benefit organization (FBO). Existing law requires the FBO to have received its charter from the General Assembly prior to January 1, 1880. The bill changes this to any FBO which received its charter from the General Assembly 125 or more years ago. The author of the legislation is making this change to add Moose Lodges to the exemption that is already provided to the Masons. |
