Two bills to reestablish a nonprofit property tax exemption for hosting farmers markets passed out of their respective committees.

SB 5505, which would allow the tax exemption for hosting farmers markets up to 53 days a year effective as of 2021, was heard in the House Finance Committee and passed out of committee on February 24.

HB 1967, which provides a similar exemption, passed out of the Senate Business, Financial Services & Trade Committee on February 24 and will be heard in Senate Ways & Means on February 26. The amended version clarifies that the exemption is retroactive to 2021. The previous exemption expired in 2020.

Date to remember

HB 1967 will be heard in the Senate Ways & Means Committee on Saturday, February 26 at 9 am.