Loss of exempt status—Property subject to pro rata portion of taxes for remainder of year.

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Property which no longer retains its exempt status shall be subject to a pro rata portion of the taxes allocable to the remaining portion of the year after the date that the property lost its exempt status. If a portion of the property has lost its exempt status, only that portion shall be subject to tax under this section.

[ 1984 c 220 § 14; 1971 ex.s. c 44 § 3.]


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