PA 17-199—HB 7185
Planning and Development Committee
AN ACT EXEMPTING LEASED MUNICIPAL PROPERTY FROM TAXATION
SUMMARY: This act expands the property tax exemption for municipal property to include real and personal property, including taxable motor vehicles, leased to a municipality, used for a public purpose, and located in the municipality. Under prior law, the exemption applied only to real and personal property owned by or held in trust for a municipality that was used for public purposes.
EFFECTIVE DATE: October 1, 2017