Relating to property tax exemption for property of religious organization.

Exempts from ad valorem property taxation first $150,000 of assessed value of dwelling provided by religious organization and occupied by organization's spiritual leader as primary residence and lot on which dwelling is situated. Denies exemption if religious organization or owner or occupant of dwelling receives consideration for use of dwelling, other than consideration rendered for foster care provided in dwelling. Applies to property tax years beginning on or after July 1, 2020.