Nonprofit cancer treatment clinics

From the 2024 DOR Tax Exemption Study

84.36.046 - Nonprofit cancer treatment clinics Description Property tax does not apply to real and personal property used by nonprofit cancer prevention, detection, or treatment facilities. The property tax exemption also applies to real and personal property used by a municipal hospital corporation for cancer prevention, detection, or treatment. Purpose Providing equal taxation treatment for nonprofit cancer treatment clinics as for nonprofit hospitals. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes $0.669 $0.685 $0.702 $0.719 Local Taxes $1.980 $2.091 $2.208 $2.332 Repeal of Repealing a property tax exemption would not increase state revenues. A repeal exemption shifts the state property tax to the currently exempt taxpayers and reduces the tax burden of other taxpayers. It may decrease the local rate and possibly result in local taxing districts at their statutory maximum rate experiencing a revenue increase. Potential ($ 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 $0.061 $0.120 $0.126 Assumptions - The total estimated exempt value is $308 million. - This re