Senate Bill 576 proposes a property tax exemption for prefabricated recreational structures that are designed to be towed by a motor vehicle and primarily used for temporary living quarters in licensed campgrounds. This exemption applies to structures such as accessory decks, sheds, and porches, provided they are situated on land not owned by the structure's owner. The bill also mandates that the Department of Administration compensate taxing jurisdictions for the loss of property tax revenue resulting from this exemption, similar to existing provisions for the repeal of the personal property tax.

The bill includes several amendments and new provisions to existing statutes. Notably, it amends sections related to property tax assessments and state aid, creating new subsections that outline the responsibilities of municipalities and the Department of Revenue in reporting and certifying property tax levies associated with these prefabricated structures. The initial applicability of the new exemption is set for property tax assessments as of January 1, 2026.

Statutes affected:
Bill Text: 66.0435(3)(c)1.(intro.), 66.0435, 70.17(3), 70.17, 79.0965(title), 79.0965, 79.0965(3)