Senate Bill 576 proposes a property tax exemption for prefabricated recreational structures that are designed to be towed by a motor vehicle and used primarily for temporary living purposes, such as camping or seasonal activities. These structures, which may include accessory decks, sheds, and porches, must be located in licensed campgrounds on land not owned by the structure's owner to qualify for the exemption. The bill also mandates that the Department of Administration provide aid payments to taxing jurisdictions to offset the loss of property tax revenue resulting from this exemption.

Additionally, the bill amends several sections of current law to incorporate this new exemption. It creates a new statute, 70.11 (49), defining the prefabricated structures eligible for the exemption, and modifies existing statutes to ensure that the property tax assessments for these structures are appropriately accounted for. The Department of Administration is tasked with making payments to taxing jurisdictions based on the property taxes that would have been levied on these structures, starting in 2027. The bill also includes provisions for municipalities to report the levied property taxes and outlines the distribution of aid payments to taxing jurisdictions.

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)