CS/SB 1236 (Gruters) expands the current ad valorem exemption for property used for educational purposes to exempt land that is not owned by the educational institution but is used for educational purposes under a lease. This provision applies only if the educational institution is responsible for any taxes owed and for ongoing maintenance and operational expenses for the land and buildings. Additionally, the property must have been used for educational purposes and has been receiving the exemption under this section of law for at least 10 years. (Hughes)