Bill > A11039

This bill proposes an amendment to the state constitution, specifically Article 16, Section 1, which deals with the power of taxation. Currently, exemptions from taxation can only be granted by general laws and can be altered or repealed, with specific exceptions for real or personal property used exclusively for religious, educational, or charitable purposes by non-profit organizations. This bill adds a provision that allows for the alteration or repeal of exemptions for real or personal property used exclusively by private institutions of higher education, meaning these educational institutions could potentially lose their tax exemptions. The bill also includes procedural steps for referring this proposed constitutional amendment to the next legislative session and publishing it for public awareness before an election.