H1030 - 2016 Appropriations Act. (SL 2016-94)

Overview: Sec. 38.6 of S.L. 2016-94 continues to allow a property tax exemption for contiguous tracts of land donated to a nonprofit that were previously used for commercial or industrial purposes and significantly damaged by fire or explosion. The exemption was enacted in 2011 in response to the explosion of the ConAgra plant in June 2009.

This section became effective July 14, 2016. The property tax exemption is effective for taxable years beginning on or after July 1, 2011, and expires for taxable years beginning on or after July 1, 2021. Prior to the enactment of this section, the exemption would have expired for taxable years beginning on or after July 1, 2016.