Senate Bill 370 proposes a property tax exemption for charitable organizations that own facilities dedicated to health education and fitness. To qualify for this exemption, the organization must be recognized as tax-exempt under section 501(c)(3) of the Internal Revenue Code, with confirmation from the IRS in a determination letter issued no later than March 5, 2009. Additionally, the organization must operate a financial assistance program accessible to all community members and provide free services to individuals living with a service member who is deployed overseas.

The bill creates a new section, 70.11 (12) (d), in the statutes, detailing the criteria for the property tax exemption. It specifies that the property must consist of a single facility used for health education and fitness purposes, and all activities must align with the reasons for the federal tax exemption. The act will first apply to property tax assessments starting January 1, 2026.