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FL S1330

Bill

Official Source

Status

Failed

4/30/2021

Primary Sponsor

Community Affairs

Click for details

Origin

Senate

2021 Regular Session

AI Summary

  • Exempts from ad valorem taxation nonprofit homes for the aged that meet specified criteria, including being a corporation not for profit under Florida chapter 617
  • Expands exemption eligibility to include entities wholly owned by a nonprofit corporation, in addition to Florida limited partnerships with a nonprofit sole general partner
  • Requires the nonprofit corporation to have been exempt from federal income taxation as a charitable organization under Internal Revenue Code section 501(c)(3) as of January 1 of the year exemption is requested
  • Takes effect January 1, 2022

Legislative Description

Ad Valorem Tax Exemption for Nonprofit Homes for the Aged

Last Action

Died in Appropriations

4/30/2021

Committee Referrals

Appropriations4/14/2021
Finance and Tax4/2/2021
Community Affairs2/24/2021

Full Bill Text

No bill text available