Search results Help  |  Status

Relating to valuation of property for taxation when said property is nominally owned by nonprofit associations, corporations, or other organizations for the use, benefits, and enjoyment of their members; authorizing the tax assessor to value such property on a nominal basis under certain conditions; providing that the true value of such nominally owned property is reflected in the enhanced value of the property owned by the members of the organization whose ownership entitles them to the use and enjoyment of the nominally owned property; defining certain terms and conditions; proclaiming legislative policy with respect to such nominally owned property; repealing all laws or parts of laws in conflict herewith; and declaring an emergency.