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FL H0127

Bill

Official Source

Status

Failed

5/5/2023

Primary Sponsor

Ways & Means Committee

Click for details

Origin

House of Representatives

2023 Regular Session

AI Summary

  • Amends section 196.1975, Florida Statutes, to expand the types of entities eligible for ad valorem property tax exemption for nonprofit homes for the aged
  • Allows Florida limited partnerships to qualify for the exemption if the sole general partner is either a chapter 617 nonprofit corporation or an entity not licensed under chapter 429 that is wholly owned by a chapter 617 nonprofit corporation
  • Requires the nonprofit corporation to have been exempt from federal income taxation under IRC section 501(c)(3) as of January 1 of the year for which the property tax exemption is requested
  • Amendments first apply to the 2024 ad valorem tax roll
  • Effective date of January 1, 2024

Legislative Description

Ad Valorem Tax Exemption for Nonprofit Homes for the Aged

Last Action

Died in Appropriations

5/5/2023

Committee Referrals

State Affairs3/29/2023
Local Administration, Federal Affairs & Special Districts Subcommittee3/16/2023
Ways and Means Committee1/17/2023

Full Bill Text

No bill text available