FL S0362

Expands eligible ownership entities for nonprofit homes for the aged to qualify for ad valorem tax exemptions to include limited partnerships where the sole general partner is a nonprofit corporation and entities wholly owned by nonprofit corporations.

Requires the nonprofit corporation to be established under chapter 617, Florida Statutes, and maintain federal tax-exempt status as a qualified charitable organization under section 501(c)(3) of the Internal Revenue Code as of January 1 of the year exemption is requested.

Replaces "pursuant to" with "under" in statutory language regarding chapter 617 nonprofit corporation references for grammatical consistency.

Takes effect January 1, 2023.