FL H1295

Amends Florida Statutes Section 196.197 to establish criteria for determining the value of property tax exemptions granted to hospitals licensed institutions.

Defines "unadjusted exempt value" as the value exempted in a tax year for charitable use of property as provided in other sections of the chapter and limited by existing subsections.

Calculates hospital exemption by multiplying the unadjusted exempt value by a fraction where the numerator is the net community benefit expense from IRS Form 990, Schedule H, and the denominator is the prior year unadjusted exempt value multiplied by current millage rates.

Requires exemption applications to include a copy of the hospital owner's most recently filed IRS Form 990, Schedule H, a statement of net community benefit expense attributable to the property, and certification signed by the hospital's chief executive officer and a certified public accountant.

Takes effect July 1, 2019.