Requires a property tax replacement feasibility study to determine eliminating the property tax system and replacing it with income tax receipts revenue.

AMENDED - Removes property tax exemption for certain nonprofit hospital property that is used for business purposes not directly related to its exempt purposes; requires nonprofit hospitals to provide documentation of its tax exempt status under state law, federal law section 501(c)(3) and form 990 schedule H; requires nonprofit hospitals with more than 150 beds to provide audited information.

Eliminates property tax exemption for faculty or staff housing at private secondary schools.

Clarifies that nonprofit property used for religious-related activities, including worship, education, and housing, are exempt from property tax.

Caps payouts from historic horse racing per licensee at $50,000 per charitable organization. "Dead" because inexpedient to legislate.

Removes historic horse racing revenues for charitable organizations and pays all revenues to the lottery commission. "Dead" because inexpedient to legislate.

Indemnifies nonprofit human services provider contractors for negligence; requires the Insurance Commissioner to study allowing nonprofits to pool liability insurance policies and establish a captive insurance company to insure the risk of the pool; exempts nonprofits from certain automobile insurance and bond requirements; requires the Insurance Commissioner to study homeowners insurance practices.

Authorizes the Department of Revenue to electronically collect voter signatures in support of listing a nonprofit on the charitable checkoff list on state income tax forms; applies to signatures gathered on or after 1/1/26.

Establishes an income tax deduction for individuals, corporations, and partnership for 100% of property taxes paid by a privately owned child care center.

Prohibits interchange transaction fees and network fees for transactions for donations to 501(c)(3) charitable nonprofits. "Dead" because of timelines.