85(R) - 2017
Relating to the exemption from ad valorem taxation of property owned by a charitable organization and used to provide tax return preparation and other financial services without regard to the beneficiaries' ability to pay.
No significant fiscal implication to the State is anticipated.
SB 1345 would expand the exemption from ad valorem taxation to include organizations that provide, without regard to the beneficiaries' ability to pay, tax return preparation services and assistance for other financial matters.
Vote Recommendation Notes
We have and continue to oppose bills that carve out one group over others as able to receive a tax exemption. Though, as with most exemptions, well intentioned, this bill would represent the furthering of an inequitable tax code. Continuously providing exemptions for specific groups of persons narrows the tax base and increases the tax burden on others who do not qualify for the exemption.
For these reasons, we oppose SB 1345.