On June 12, the House Committee on Revenue unanimously sent House Bill (HB) 3459A to the full House for passage. The bill would provide a property tax exemption for all real and personal property of certain types of retail stores related to care of domestic animals. The store must be owned by a nonprofit corporation, deals exclusively in donated inventory, and operates with substantial support from volunteers. The store also must donate all net proceeds of sales to: a nonprofit corporation that provides animal rescue services; a manufacturer or provider of goods or services in return for equivalent value of goods or services from the manufacturer or provider; an entity that provides spaying and neutering services for pets of individuals residing in households with an annual household income at or below 80 percent of the area median income; or for the purpose of aiding domesticated animals in furtherance of the purpose for which the nonprofit corporation was organized. HB 3459A would applies to property tax years beginning on or after July 1, 2017.
Contributed by: Gil Riddell | AOC Policy Director