These documents are currently being revised to incorporate the changes made during the 2024 Legislative Session. Please consult the Sections Affected Table for changes made during the 2024 Legislative Session.
Exemptions—Certain residential and recreational lots.
All leasehold interests consisting of three thousand or more residential and recreational lots that are or may be subleased for residential and recreational purposes are exempt from tax under this chapter.
NOTES:
Effective date—2001 c 26 § 1: "Section 1 of this act takes effect January 1, 2002." [
2001 c 26 § 6.]