TO PROVIDE FOR CERTAIN PROPERTY TO BE EXEMPT FROM TAXATION; AND TO PROVIDE THAT CERTAIN MOTOR VEHICLES USED EXCLUSIVELY FOR PUBLIC CHARITY ARE EXEMPT FROM PERSONAL PROPERTY TAX.

Fiscal Impact Statement Bill: HB1691 Bill Subtitle: TO PROVIDE FOR CERTAIN PROPERTY TO BE EXEMPT FROM TAXATION; AND TO PROVIDE THAT CERTAIN MOTOR VEHICLES USED EXCLUSIVELY FOR PUBLIC CHARITY ARE EXEMPT FROM PERSONAL PROPERTY TAX. --------------------------------------------------------------------------------------------------------------------------------------- Sponsors: Rep. Torres and Sen. Wallace Basic Change: HB1691 exempts motor vehicles leased by a public charity for a minimum of one year from property tax. Under current law, buildings belonging to institutions of purely public charity, the land occupied by those institutions, and all moneys and credits appropriated to sustaining those institutions, are exempt from ad valorem tax. HB1691 expands the exemption to include motor vehicles leased by an institution of public charity for a term of at least 12 months. HB1691 is effective for assessment years beginning on or after January 1, 2026. Fiscal Impact: No impact to state revenues. Local tax entities such as schools, counties, and cities, may see a decrease in property tax revenue. Taxpayer Impact: Public charities will no longer be required to pay personal property taxes o

Fiscal Impact Statement Bill: HB1691 Amendment Number: H1 Bill Subtitle: TO PROVIDE FOR CERTAIN PROPERTY TO BE EXEMPT FROM TAXATION; AND TO PROVIDE THAT CERTAIN MOTOR VEHICLES USED EXCLUSIVELY FOR PUBLIC CHARITY ARE EXEMPT FROM PERSONAL PROPERTY TAX. --------------------------------------------------------------------------------------------------------------------------------------- Sponsors: Rep. Torres and Sen. Wallace Basic Change: House Amendment No. 1 --- HB1691-H1 (engrossed 3/19/25) provides that a motor vehicle leased by a public charity for a minimum of one year is exempt from property tax only if the vehicle is used exclusively for purposes of public charity. Original Bill --- HB1691 exempts motor vehicles leased by a public charity for a minimum of one year from property tax. Under current law, buildings belonging to institutions of purely public charity, the land occupied by those institutions, and all moneys and credits appropriated to sustaining those institutions, are exempt from ad valorem tax. HB1691 expands the exemption to include motor vehicles leased by an institution of public charity for a term of at least 12 months. HB1691 is effective for assessment years