Assembly Bill No. 238–Assemblyman Brower

 

February 26, 2001

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Joint Sponsor: Senator Washington

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Referred to Concurrent Committees on Education and Taxation

 

SUMMARY—Exempts certain property owned by or leased or rented to charter school from property taxes. (BDR 32‑998)

 

FISCAL NOTE:            Effect on Local Government: Yes.

                                    Effect on the State: Yes.

 

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EXPLANATION – Matter in bolded italics is new; matter between brackets [omitted material] is material to be omitted.

 

AN ACT relating to taxation; exempting from property taxes certain property that is owned by or leased or rented to a charter school; and providing other matters properly relating thereto.

 

THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN

SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

 

1-1    Section 1. Chapter 361 of NRS is hereby amended by adding thereto a

1-2  new section to read as follows:

1-3    1.  All real and personal property which is owned by a charter school

1-4  and used for educational purposes is exempt from taxation.

1-5    2.  All real and personal property that is leased or rented to a charter

1-6  school is hereby deemed to be used for an educational purpose and is

1-7  exempt from taxation.

1-8    Sec. 2.  This act becomes effective on July 1, 2001.

 

1-9  H