Nonprofit youth organizations

From the 2024 DOR Tax Exemption Study

84.33.075 - Nonprofit youth organizations Description Timber harvested on lands owned by a nonprofit social service organization is exempt from timber excise tax if the land is exempt from property tax and income from the timber sales promotes, operates, and maintains youth programs. The exemption is only available if the youth programs are available to all youth, regardless of race, color, national origin, ancestry, or religious belief. Purpose Reduces the cost of operating youth programs by nonprofit organizations. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes CTI CTI CTI CTI Local Taxes $0.000 $0.000 $0.000 $0.000 Repeal of Repealing this exemption would increase revenues. exemption Potential ($ in millions): revenue gains FY 2024 FY 2025 FY 2026 FY 2027 from full repeal State Taxes $0.000 CTI CTI CTI Local Taxes $0.000 $0.000 $0.000 $0.000 Assumptions This exemption impacts fewer than three taxpayers, any impacts are confidential. Data Sources Department of Revenue, Timber excise tax data Additional Additional Information Information Category: Nonprofit Year Enacted: 1980 Primary Beneficiaries: Youth organizations Taxpayer Count: Fewer than three