Nonprofit art collections & museums

From the 2024 DOR Tax Exemption Study

84.36.060(1)(a) - Nonprofit art collections & museums Description Property tax does not apply to the real or personal property of a nonprofit organization maintaining and exhibiting art, scientific, or historical collections. The collections must be open to the public. The exemption also applies to property used exclusively for safekeeping and maintaining the collections. To receive a property tax exemption the nonprofit organization must: - Operate exclusively for artistic, scientific, historical, or educational purposes. - Receive a substantial part of its support from the federal, state, or local government or public contributions. If the property is not currently exhibiting, safe keeping, or maintaining, the collections, but will in the future, the nonprofit organization must submit proof they are constructing, remodeling, or otherwise enabling the property for exempted use. Purpose Supporting nonprofit museums that display art, scientific, or historical materials for the public. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes $0.880 $0.901 $0.923 $0.945 Local Taxes $2.602 $2.748 $2.902 $3.065 Repeal of Repealing a property tax exemption would not