HB 2783-S - DIGEST

(AS OF HOUSE 2ND READING 2/16/04)

Provides that the real and personal property owned or used by a nonprofit organization is exempt from taxation if the property is used to: (1) Assist startup and expanding businesses by providing education, training, and employment of economically disadvantaged people; and

(2) Provide shared use of equipment and work areas and daily technical resources and daily management support services that enable small startup and expanding businesses to become successful.