FL H0921

Deletes the ad valorem tax exemption for property owned by Florida-based limited partnerships with a charitable nonprofit general partner that is used for affordable housing.

Retains the ad valorem tax exemption for property owned by nonprofit corporations qualified as charitable under Internal Revenue Code Section 501(c)(3) and used to provide affordable housing to extremely low-income, very low-income, low-income, or moderate-income persons.

Requires all exempted affordable housing property to comply with determination criteria under Florida Statutes Section 196.195 as applied annually by property appraisers.

Specifies that limited liability companies and limited partnerships disregarded as entities for federal income tax purposes shall be treated as owned by their sole member or sole general partner for exemption purposes.

Takes effect upon becoming law and first applies to the 2013 ad valorem tax rolls.