Federal instrumentalities furnishing aid and relief

From the 2024 DOR Tax Exemption Study

84.36.030(5) - Federal instrumentalities furnishing aid and relief Description A property tax exemption exists for corporations created by Congress that provide the following: - Volunteer aid to the armed forces. - A system of national and international disaster relief. Purpose Supports the social benefits provided by federal instrumentalities furnishing aid and relief. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes CTI CTI CTI CTI Local Taxes CTI CTI CTI CTI Repeal of Repealing this exemption would not increase revenues. Constitutional case law exemption makes federal instrumentalities immune from state and local taxes. Potential ($ in millions): revenue gains FY 2024 FY 2025 FY 2026 FY 2027 from full repeal State Taxes $0.000 $0.000 $0.000 $0.000 Local Taxes $0.000 CTI CTI CTI Assumptions - This exemption impacts fewer than three taxpayers; any impacts are confidential. - Constitutional case law makes federal instrumentalities immune from state and local taxes. Data Sources - County Assessor, Property tax data - Economic and Revenue Forecast Council, March 2023 forecast - State property tax levy model, March 2023 Additional Additional Information In