HB 1173 IN
Tax exemption for landlord of a nonprofit renter.
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Summary
Provides that to qualify for a tax exemption, an owner of a building may establish a charitable purpose by leasing all or part of the building at a rate substantially below market cost to a person using the building for an educational, literary, scientific, religious, or charitable purpose.
Sponsor (1)
- Sheila Klinker Democratic · author
Action history (2)
- Jan 7, 2021 Authored by Representative Klinker · lower
- Jan 7, 2021 First reading: referred to Committee on Ways and Means · lower
Subjects
LANDLORDS AND TENANTSNONPROFIT CORPORATIONS AND ORGANIZATIONSTAXES generally
Text versions (1)
Full text
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