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DIGEST OF INTRODUCED BILL
Property tax exemption. Provides that in the case of a ministry that: (1) is exempt from federal income taxes; (2) owns an eligible property; (3) acquired the eligible property after the 2012 assessment date; and (4) redeemed the eligible property after it was sold for delinquent taxes in 2012; the ministry is not required to pay any property taxes, penalties, or interest with respect to the parcel for the March 1, 2012, assessment date if the taxpayer submits an exemption application for the parcel before September 1, 2013, and demonstrates that the parcel would have qualified for an exemption if an exemption application had been filed in a timely manner. Provides that the ministry is entitled to a refund for any back taxes, penalties, and interest paid with respect to the eligible property or for any amount paid to redeem the eligible property.