(v)__The reasonable value of any money, property, goods or services donated by a primary donor to an institution or the reasonable value of the net donation made by a secondary donor to a primary donor.__ As used in this subdivision, "net donation" means, in the case of a donation of money, property, identical goods or services made by a secondary donor, the difference between the value of the donation made by the secondary donor and the value of the donation made by the primary donor, as long as the value is positive; "primary donor" means an entity that makes a donation of money, property, goods or services to an institution of purely public charity; and "secondary donor" means an entity that receives a donation of any money, property, goods or services from a primary donor and then makes a donation back to that primary donor within 3 years of having received such a donation;

(vi)__The reasonable value of volunteer assistance donated by individuals who are involved or assist in the provision of goods or services by an institution.__The reasonable value of volunteer assistance, computed on an hourly basis, may not exceed the statewide average weekly wage as calculated by the Department of Labor, Bureau of Labor Standards; and

(vii)__The cost of goods or services provided by an institution licensed by the Department of Human Services to individuals who are unable to pay, as long as reasonable and customary collection efforts have been made by the institution.

SUMMARY

This bill provides a property tax exemption to a nonprofit benevolent and charitable institution only if it donates or