HB 2783 - DIGEST

(SUBSTITUTED FOR - SEE 1ST SUB)

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; or

(2) Provide shared use of equipment and work areas and daily technical resources that enable entrepreneurs to transform private activities into successful businesses.