Bill > H2513

This bill requires religious and charitable organizations that own tax-exempt property (property not subject to property taxes) to notify their local city or town government before selling or converting such property for residential, industrial, or commercial use. This notification must include details about the proposed sale or conversion, including a purchase and sale agreement with a bona fide offer (a genuine offer made in good faith, not dependent on future zoning changes or development potential) if it's a sale, or an appraisal process if it's a conversion. The city or town then has a 120-day period to exercise a right of first refusal to purchase the property at the offered price or at fair market value, or to assign this option to a nonprofit conservation group or another government entity. This ensures that local communities have an opportunity to acquire or preserve tax-exempt land before it is used for other purposes.