CS/HB 127 2023
CODING: Words stricken are deletions; words underlined are additions.
hb0127-01-c1
Page 1 of 2
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 applicability; providing an 7
effective date. 8
9
Be It Enacted by the Legislature of the State of Florida: 10
11
Section 1. Subsection (1) of section 19 6.1975, Florida 12
Statutes, is amended to read: 13
196.1975 Exemption for property used by nonprofit homes 14
for the aged.—Nonprofit homes for the aged are exempt to the 15
extent that they meet the following criteria: 16
(1) The applicant must be a corporation not for profit 17
under pursuant to chapter 617 or a Florida limited partnership, 18
the sole general partner of which is a corporation not for 19
profit under pursuant to chapter 617 or an entity not licensed 20
under chapter 429 and wholly owned by a corporation not fo r 21
profit under chapter 617 , and the corporation not for profit 22
must have been exempt as of January 1 of the year for which 23
exemption from ad valorem property taxes is requested from 24
federal income taxation by having qualified as an exempt 25
CS/HB 127 2023
CODING: Words stricken are deletions; words underlined are additions.
hb0127-01-c1
Page 2 of 2
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
charitable organization under the provisions of s. 501(c)(3) of 26
the Internal Revenue Code of 1954 or of the corresponding 27
section of a subsequently enacted federal revenue act. 28
Section 2. The amendments made by this act to s. 29
196.1975(1), Florida Statutes, first apply to the 2024 ad 30
valorem tax roll. 31
Section 3. This act shall take effect January 1, 2024. 32