Q: Do charter schools receive exemptions for property taxes when paying rent?

A: Yes. A bill was passed clarifying taxes for charter schools that are renting or leasing. Bill H4871(K) Section 59-40-140 states, "Charter Schools are exempt from all state and local taxation, except the sales tax on their earnings and property whether owned or leased. Instruments of conveyance to or from a charter school are exempt from all types of taxation of local or state taxes and transfer fees." In a rental situation, the landlord will need to apply for the exemption.

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