AB 978

Under current law, all property owned or leased by a nonprofit theater is

exempt from property taxes if the property includes at least one building that is listed

on the national register of historic places and at least one theater for the performing

arts that has a total seating capacity of at least 800 person.

Under this bill, all property owned or leased by a nonprofit theater that is

located in the city of Madison, and over 100 years old, is exempt from property taxes

if the theater collaborates with at least three nonprofit theater companies to perform

at least 12 days annually at the theater.

Because this bill relates to an exemption from state or local taxes, it may be

referred to the Joint Survey Committee on Tax Exemptions for a report to be printed

as an appendix to the bill.