Bills › 89th General Assembly
Where it is now
- Done: IntroducedMarch 30, 2021
- Done: SubcommitteeMarch 30, 2021
- Stopped: Senate committeeDied when the General Assembly ended
- Next: Passes the Senate
- Next: House committee
- Next: Passes the House
- Next: To the Governor
- Next: Signed into law
Died when the session ended The 2022 session adjourned on May 24, 2022, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
AI summary County and fair-owned fairgrounds can get a break on their property taxes. This change makes it clear that these lands qualify for the tax exemption even if they are used for things other than fair events.1
Read the official explanation
Current Code section 427.1(39) establishes a property tax exemption for fairgrounds, as defined in Code section 174.1, that are owned by a county or a fair, as defined in Code section 174.1, and the use of such fairgrounds for purposes other than a fair event by the owner or by a lessee, including uses for pecuniary profit, do not affect the exemption. This bill modifies the exemption to specify that property, including fairgrounds, owned by a fair and fairgrounds owned by a county qualify for the exemption. The bill takes effect upon enactment and applies retroactively to assessment years beginning on or after January 1, 2020.
Senate subcommittee
Named March 30, 2021. It hasn’t reported yet.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part