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Proposing a constitutional amendment authorizing the legislature
to exempt from ad valorem taxation real property leased to certain
schools organized and operated primarily for the purpose of
engaging in educational functions.
No significant fiscal impact to the state is anticipated.
SJR would authorize the legislature to exempt from taxation any real property that is leased to a person for use as a school that operates under a charter granted by the State Board of Education, the commissioner of education, or any other state agency or officer. SJR 74 is the constitutional amendment accompanying SB 2345.
While we oppose special tax exemptions in general, we note that there is already an exemption for property that is leased to a traditional public school. This bill would treat property that is leased to an open-enrollment charter school the same as property that is leased to a traditional public school.