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FL S0566

Bill

Official Source

Status

Failed

5/5/2023

Primary Sponsor

Community Affairs

Click for details

Origin

Senate

2023 Regular Session

AI Summary

  • Amends Section 196.1975, Florida Statutes, to expand eligibility for the ad valorem tax exemption for nonprofit homes for the aged
  • Allows a Florida limited partnership whose sole general partner is a not-for-profit corporation under Chapter 617, or an entity not licensed under Chapter 429 and wholly owned by a not-for-profit corporation under Chapter 617, to qualify for the exemption
  • The qualifying not-for-profit corporation must have been exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code as of January 1 of the year for which the ad valorem exemption is requested
  • Sponsored by the Senate Committee on Community Affairs and Senator Wright
  • 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

Appropriations4/12/2023
Finance and Tax3/30/2023

Full Bill Text

No bill text available