Florida Senate - 2021                             CS for SB 1330
       
       
        
       By the Committee on Community Affairs; and Senators Rodriguez
       and Garcia
       
       
       
       
       578-03611-21                                          20211330c1
    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         providing an effective date.
    7          
    8  Be It Enacted by the Legislature of the State of Florida:
    9  
   10         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 for
   13  the aged.—Nonprofit homes for the aged are exempt to the extent
   14  that they meet the following criteria:
   15         (1) The applicant must be a corporation not for profit
   16  pursuant to chapter 617 or a Florida limited partnership, the
   17  sole general partner of which is a corporation not for profit
   18  under pursuant to chapter 617 or an entity wholly owned by a
   19  corporation not for profit under chapter 617, and the
   20  corporation not for profit 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  corresponding section of a subsequently enacted federal revenue
   26  act.
   27         Section 2. This act shall take effect January 1, 2022.