Florida Senate - 2021                                    SB 1330
       
       
        
       By Senator Rodriguez
       
       
       
       
       
       39-00965-21                                           20211330__
    1                        A bill to be entitled                      
    2         An act relating to ad valorem tax exemption for
    3         nonprofit homes for the aged; amending s. 196.1975,
    4         F.S.; exempting from ad valorem taxation certain
    5         entities wholly owned by a nonprofit corporation;
    6         revising the criteria that must be met by certain
    7         units or apartments in homes for the aged to be exempt
    8         from ad valorem taxation; providing an effective date.
    9          
   10  Be It Enacted by the Legislature of the State of Florida:
   11  
   12         Section 1. Subsection (1) and paragraph (a) of subsection
   13  (4) of section 196.1975, Florida Statutes, are amended to read:
   14         196.1975 Exemption for property used by nonprofit homes for
   15  the aged.—Nonprofit homes for the aged are exempt to the extent
   16  that they meet the following criteria:
   17         (1) The applicant must be a corporation not for profit
   18  pursuant to chapter 617 or a Florida limited partnership, the
   19  sole general partner of which is a corporation not for profit
   20  under pursuant to chapter 617 or an entity wholly owned by a
   21  corporation not for profit under chapter 617, and the
   22  corporation not for profit must have been exempt as of January 1
   23  of the year for which exemption from ad valorem property taxes
   24  is requested from federal income taxation by having qualified as
   25  an exempt charitable organization under the provisions of s.
   26  501(c)(3) of the Internal Revenue Code of 1954 or of the
   27  corresponding section of a subsequently enacted federal revenue
   28  act.
   29         (4)(a) After removing the assessed value exempted in
   30  subsection (3), units or apartments in homes for the aged shall
   31  be exempt only to the extent that residency in the existing unit
   32  or apartment of the applicant home is reserved for or restricted
   33  to or the unit or apartment is occupied by persons who have
   34  resided in the applicant home and in good faith made this state
   35  their permanent residence as of January 1 of the year in which
   36  exemption is claimed and who also meet the requirements set
   37  forth in one of the following subparagraphs:
   38         1. Persons who have gross incomes of not more than $7,200
   39  per year and who are 55 62 years of age or older.
   40         2. Couples, one of whom must be 55 62 years of age or
   41  older, having a combined gross income of not more than $8,000
   42  per year, or the surviving spouse thereof, who lived with the
   43  deceased at the time of the deceased’s death in a home for the
   44  aged.
   45         3. Persons who are totally and permanently disabled and who
   46  have gross incomes of not more than $7,200 per year.
   47         4. Couples, one or both of whom are totally and permanently
   48  disabled, having a combined gross income of not more than $8,000
   49  per year, or the surviving spouse thereof, who lived with the
   50  deceased at the time of the deceased’s death in a home for the
   51  aged.
   52  
   53  However, the income limitations do not apply to totally and
   54  permanently disabled veterans, provided they meet the
   55  requirements of s. 196.081.
   56         Section 2. This act shall take effect January 1, 2022.