LD 727 LR 1432(01)
An Act To Protect the Tax Base of Municipalities by Removing the Property Tax Exemption for Land Held for Conservation or Public Access Purposes
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Rep. Stetkis of Canaan
Committee: Taxation
Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
Current biennium revenue increase - Municipalities
Fiscal Detail and Notes
This bill would remove the property tax exemption for entities that hold land primarily for conservation or public access purposes.  As a result, municipalities would be allowed to assess property taxes on these entities, increasing revenue to municipalities.