FL H0275

Provides 50 percent ad valorem tax exemptions for nonexempt property owners who lease or gratuitously provide real property to exempt charitable entities for exclusive charitable use.

Allows partial exemptions for nonexempt owners when only a portion of their property is leased or provided to exempt charitable entities, exempting 50 percent of the proportional charitable use ratio.

Requires nonexempt entities applying for charitable exemptions to demonstrate that no proceeds from the property's charitable use will benefit the exempt lessee except for reasonable rental payments to the nonexempt owner.

Applies nonprofit status criteria to exempt charitable lessees or donees when evaluating nonexempt owners' applications for partial charitable exemptions.

Takes effect July 1, 2011.