CS/HB 401 2022
CODING: Words stricken are deletions; words underlined are additions.
hb0401-01-c1
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
A bill to be entitled 1
An act relating to ad valorem tax exemption for 2
nonprofit homes for the aged; amending s. 196.1975, 3
F.S.; revising ownership entities for certain 4
nonprofit homes qualifying for an exemption from ad 5
valorem taxation to include certain limited 6
partnerships; providing an effective date. 7
8
Be It Enacted by the Legislature of the State of Florida: 9
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Section 1. Subsection (1) of section 196.1975, Florida 11
Statutes, is amended to read: 12
196.1975 Exemption for property used by nonprofit homes 13
for the aged.—Nonprofit homes for the aged are exempt to the 14
extent that they meet the following criteria: 15
(1) The applicant must be a corporation not for profit 16
under pursuant to chapter 617 or a Florida limited partnership, 17
the sole general partner of which is a corporation not for 18
profit under pursuant to chapter 617 or an entity wholly owned 19
by a corporation not for profit under chapter 617 , and the 20
corporation not for prof it must have been exempt as of January 1 21
of the year for which exemption from ad valorem property taxes 22
is requested from federal income taxation by having qualified as 23
an exempt charitable organization under the provisions of s. 24
501(c)(3) of the Internal Revenue Code of 1954 or of the 25
CS/HB 401 2022
CODING: Words stricken are deletions; words underlined are additions.
hb0401-01-c1
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
corresponding section of a subsequently enacted federal revenue 26
act. 27
Section 2. This act shall take effect January 1, 2023. 28