FL S1236

Expands the educational property tax exemption to include land, buildings, and improvements used exclusively for educational purposes under a lease arrangement, provided the property has been used for educational purposes and receiving the exemption for at least 10 years

Requires the educational institution leasing the property to be responsible for any taxes owed and for ongoing maintenance and operational expenses under the lease terms

Mandates that educational institutions leasing property receive the full benefit of the tax exemption

Requires property owners to disclose to the educational institution the full amount of benefit derived from the exemption and the method for ensuring the institution receives that benefit

Effective date of July 1, 2020