H533 - Modify Present Use Value Exceptions to Disqualification. (SL 2016-76)

Overview: Sec. 1 of S.L. 2016-76 pro rates deferred taxes when real property is transferred for less than its fair market value to a nonprofit entity for conservation or historical preservation, the State or a political subdivision of the State, or the United States.

This section became effective for taxes imposed for taxable years beginning on or after July 1, 2016