SB 643

Present law provides several exempt ions from property taxation of the real and personal property of any religious, charitable, scientific, or nonprofit educational institution that is occupied and actually used by the institution or its officers purely and exclusively for carrying out one or more of the exempt purpose s for which the institution was created or exists. This bill creates such an exemption for a nonprofit religious institution if all of the following conditions are met:  The n onprofit religious institution has an associated nonprofit business that acquires one or more parcels of land or portions thereof .  The land is in Davidson County .  The land acquired is for the purpose of carrying out one or more of the exempt purposes for which the institution was created or exists . If the above conditions are met, this bill authorizes the institution to claim and file an application for a property tax exemption . T he effective date of such exemption is up to three years prior to the date of application, or the date the institution began using the property for exempt purposes, whichever is later. APPLICATION This bill applies to properties acquired before the effective date of this bill , so that such properties are not subject to taxation while owned by the exempt nonprofit religious institution and used for one or more of the exempt purposes for which the institution was created or exists . However, this bill does not require a county to refund any taxes that were collected prior to the effective date of this bill .