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| 3 | 3 | | HB 321 2025 |
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| 7 | 7 | | CODING: Words stricken are deletions; words underlined are additions. |
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| 8 | 8 | | hb321-00 |
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| 9 | 9 | | Page 1 of 2 |
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| 10 | 10 | | 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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| 14 | 14 | | A bill to be entitled 1 |
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| 15 | 15 | | An act relating to an ad valorem tax exemption for 2 |
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| 16 | 16 | | nonprofit homes for the aged; amending s. 196.1975, 3 |
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| 17 | 17 | | F.S.; revising an eligibility requirement for Florida 4 |
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| 18 | 18 | | limited partnerships applying for ad valorem tax 5 |
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| 19 | 19 | | exemptions for nonprofit homes for the aged; providing 6 |
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| 20 | 20 | | applicability; providing an effective date. 7 |
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| 21 | 21 | | 8 |
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| 22 | 22 | | Be It Enacted by the Legislature of the State of Florida: 9 |
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| 23 | 23 | | 10 |
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| 24 | 24 | | Section 1. Subsection (1) of section 196 .1975, Florida 11 |
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| 25 | 25 | | Statutes, is amended to read: 12 |
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| 26 | 26 | | 196.1975 Exemption for property used by nonprofit homes 13 |
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| 27 | 27 | | for the aged.—Nonprofit homes for the aged are exempt to the 14 |
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| 28 | 28 | | extent that they meet the following criteria: 15 |
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| 29 | 29 | | (1) The applicant must be a corporation not for profit 16 |
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| 30 | 30 | | under pursuant to chapter 617 or a Florida limited partnership, 17 |
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| 31 | 31 | | the sole general partner of which is either a corporation not 18 |
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| 32 | 32 | | for profit under pursuant to chapter 617 or an entity not 19 |
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| 33 | 33 | | licensed under chapter 429 which is wholly owned by a 20 |
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| 34 | 34 | | corporation not for profit under chapter 617 , and the 21 |
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| 35 | 35 | | corporation not for profit must have been exempt as of January 1 22 |
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| 36 | 36 | | of the year for which exemption from ad valorem property taxes 23 |
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| 37 | 37 | | is requested from federal income taxation by having qualified as 24 |
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| 38 | 38 | | an exempt charitable organization under the provisions of s. 25 |
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| 39 | 39 | | |
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| 40 | 40 | | HB 321 2025 |
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| 43 | 43 | | |
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| 44 | 44 | | CODING: Words stricken are deletions; words underlined are additions. |
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| 45 | 45 | | hb321-00 |
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| 46 | 46 | | Page 2 of 2 |
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| 47 | 47 | | 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 | 51 | | 501(c)(3) of the Internal Revenue Code of 1954 or of the 26 |
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| 52 | 52 | | corresponding section of a subsequently enacted federal revenue 27 |
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| 53 | 53 | | act. 28 |
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| 54 | 54 | | Section 2. The amendments made by this act to s. 29 |
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| 55 | 55 | | 196.1975(1), Florida Statutes, f irst apply to the 2026 ad 30 |
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| 56 | 56 | | valorem tax roll. 31 |
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| 57 | 57 | | Section 3. This act shall take effect January 1, 2026. 32 |
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