relative to the property tax exemption for charitable organizations.

This bill requires most charitable organizations to file an annual financial statement with their local municipality by June 1 to maintain their property tax exemption. The statement must detail the organization's financial condition and include any other information needed to prove its eligibility for the tax break. While religious and educational groups already have specific exemptions, this rule applies to other charities and allows for late filings only if the delay was due to an accident, mistake, or misfortune, provided the local tax rate has not yet been approved. The law takes effect on April 1, 2025, and will change how these organizations must document their status to qualify for reduced property taxes.