THE BILL ITSELF
HB 1131
Ad Valorem Tax Exemption for Nonprofit Homes for the Aged
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A bill to be entitled
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An act relating to an ad valorem tax exemption for
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nonprofit homes for the aged; amending s. 196.1975,
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F.S.; revising an eligibility requirement for Florida
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limited partnerships applying for ad valorem tax
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exemptions for nonprofit homes for the aged; providing
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applicability; providing an effective date.
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Be It Enacted by the Legislature of the State of Florida:
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Section 1. Subsection (1) of section 196.1975, Florida
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Statutes, is amended to read:
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196.1975 Exemption for property used by nonprofit homes
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for the aged.—Nonprofit homes for the aged are exempt to the
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extent that they meet the following criteria:
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(1) The applicant must be a corporation not for profit
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under pursuant to chapter 617 or a Florida limited partnership,
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the sole general partner of which is either a corporation not
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for profit under pursuant to chapter 617 or is wholly owned by a
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corporation not for profit under chapter 617 and not licensed
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under chapter 429, and the corporation not for profit must have
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been exempt as of January 1 of the year for which exemption from
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ad valorem property taxes is requested from federal income
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taxation by having qualified as an exempt charitable
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organization under the provisions of s. 501(c)(3) of the
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Internal Revenue Code of 1954 or of the corresponding section of
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a subsequently enacted federal revenue act.
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Section 2. The amendments made by this act to s.
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196.1975(1), Florida Statutes, first apply to the 2027 ad
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valorem tax roll.
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Section 3. This act shall take effect January 1, 2027.