To exempt from property taxes property held, leased, or subleased by nonprofit organizations that have as a primary activity job training, placement, or preemployment services. Organizations must qualify as a nonprofit or charitable entity under federal income tax laws, and must file a claim for exemption. The exemption continues for as long as the property use remains unchanged (Companion: SB 5017).   Official Text and Analysis.

Makes technical changes to the implementation of the property tax exemption, including making the application process and timing of the exemption consistent with other nonprofit property tax exemptions. The effective date is repealed and the exemptions will apply for taxes levied for collection in 2012 and thereafter.

To establish that the exemption expires after five years. The amendment also provides standard annual survey accountability requirements and requires tracking of additional information related to job training, placement, and outreach, as well as success and failure rates by various categories.

To exempt certain leased property used by nonprofit organizations providing job training, placement, or preemployment services from property tax.