FL H0919

Amends Florida Statute 196.197 to establish new criteria for calculating property tax exemptions for licensed hospitals based on their charitable use of property

County property appraisers must calculate exemptions by multiplying the unadjusted exempt value by a fraction: county net community benefit expense divided by county tax assessment, with the fraction not exceeding one

County net community benefit expense is determined from the hospital's most recently filed IRS Form 990, Schedule H, based on services and activities performed in that county

Hospital exemption applications must include IRS Form 990 Schedule H, a schedule showing community benefit expenses by county and out-of-state, and certification from the CEO and independent CPA

Effective date: July 1, 2020