Bill > SB576

This bill establishes a property tax exemption for prefabricated recreational structures, which are defined as units originally designed to be towed and used for temporary recreational purposes, including attached decks or porches, when located in a licensed campground on land not owned by the structure's owner. This exemption is intended to clarify that these structures, when meeting specific criteria, will not be subject to property taxes, and it also amends existing statutes to reflect this change, including provisions for state aid to taxing jurisdictions to compensate for the lost property tax revenue, with payments beginning in 2027 based on assessments from January 1, 2025, and the exemption itself taking effect for property tax assessments as of January 1, 2026.