Senate Bill 370 proposes the creation of 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 new legal language specifies that the property eligible for the exemption must consist of a single facility used for health education and fitness purposes, and it must be utilized in alignment with the reasons for which the federal tax exemption was granted. The bill will first apply to property tax assessments starting January 1, 2026.