FL S1430

Expands eligibility for ad valorem tax exemptions for nonprofit homes for the aged to include Florida limited partnerships where the sole general partner is wholly owned by a 501(c)(3) corporation not for profit, provided the general partner is not licensed under chapter 429 (assisted living facilities)

Maintains existing exemption for limited partnerships where the sole general partner is directly a 501(c)(3) nonprofit corporation under chapter 617

Requires the qualifying nonprofit corporation to have been exempt from federal income taxation under IRS Section 501(c)(3) as of January 1 of the year for which the property tax exemption is requested

Takes effect January 1, 2027, with amendments first applying to the 2027 ad valorem tax roll