FL
Florida House Bill H0127

Florida 2023 Regular Session

Florida House Bill H0127 Compare Versions

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1010 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
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1414 A bill to be entitled 1
1515 An act relating to ad valorem tax exemption for 2
1616 nonprofit homes for the aged; amending s. 196.1975, 3
1717 F.S.; revising ownership entities for certain 4
1818 nonprofit homes qualifying for an exemption from ad 5
1919 valorem taxation to include certain limited 6
20-partnerships; providing applicability; providing an 7
21-effective date. 8
22- 9
23-Be It Enacted by the Legislature of the State of Florida: 10
24- 11
25- Section 1. Subsection (1) of section 19 6.1975, Florida 12
26-Statutes, is amended to read: 13
27- 196.1975 Exemption for property used by nonprofit homes 14
28-for the aged.—Nonprofit homes for the aged are exempt to the 15
29-extent that they meet the following criteria: 16
30- (1) The applicant must be a corporation not for profit 17
31-under pursuant to chapter 617 or a Florida limited partnership, 18
32-the sole general partner of which is a corporation not for 19
33-profit under pursuant to chapter 617 or an entity not licensed 20
34-under chapter 429 and wholly owned by a corporation not fo r 21
35-profit under chapter 617 , and the corporation not for profit 22
36-must have been exempt as of January 1 of the year for which 23
37-exemption from ad valorem property taxes is requested from 24
38-federal income taxation by having qualified as an exempt 25
20+partnerships; providing an effective date. 7
21+ 8
22+Be It Enacted by the Legislature of the State of Florida: 9
23+ 10
24+ Section 1. Subsection (1) of section 196.1975, Florida 11
25+Statutes, is amended to read: 12
26+ 196.1975 Exemption for property used by nonprofit homes 13
27+for the aged.—Nonprofit homes for the aged are exempt to the 14
28+extent that they meet the following criteria: 15
29+ (1) The applicant must be a corporation not for profit 16
30+under pursuant to chapter 617 or a Florida limited partnership, 17
31+the sole general partner of which is a corporation not for 18
32+profit under pursuant to chapter 617 or an entity wholly owned 19
33+by a corporation not for profit under chapter 617 , and the 20
34+corporation not for prof it must have been exempt as of January 1 21
35+of the year for which exemption from ad valorem property taxes 22
36+is requested from federal income taxation by having qualified as 23
37+an exempt charitable organization under the provisions of s. 24
38+501(c)(3) of the Internal Revenue Code of 1954 or of the 25
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4747 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
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51-charitable organization under the provisions of s. 501(c)(3) of 26
52-the Internal Revenue Code of 1954 or of the corresponding 27
53-section of a subsequently enacted federal revenue act. 28
54- Section 2. The amendments made by this act to s. 29
55-196.1975(1), Florida Statutes, first apply to the 2024 ad 30
56-valorem tax roll. 31
57- Section 3. This act shall take effect January 1, 2024. 32
51+corresponding section of a subsequently enacted federal revenue 26
52+act. 27
53+ Section 2. This act shall take effect January 1, 2024. 28