HOUSE AMENDMENT

    hbd-08                              Bill No. SB 2454, 1st Eng.

    Amendment No.     (for drafter's use only)

                            CHAMBER ACTION
              Senate                               House
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 5                                           ORIGINAL STAMP BELOW

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11  Representative(s) Arnall offered the following:

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13         Amendment (with title amendment) 

14         On page 3, between lines 26 & 27,

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16  insert:

17         Section 5.  Section 420.0007, Florida Statutes, is

18  created to read:

19         420.0007  Exemption from property taxation for

20  charitable nonprofit low-income housing

21  properties.--Properties owned entirely by nonprofit

22  corporations which are defined as charitable organizations

23  under s. 501(c)(3) of the Internal Revenue Code and comply

24  with the Internal Revenue Procedure 96-32, and which provide

25  housing to low-income and very-low-income persons as defined

26  in s. 420.004, shall be considered charitable and exempt from

27  ad valorem taxation under chapter 196 to the extent authorized

28  under s. 196.192.

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    File original & 9 copies    05/01/98
    hbd0016                     11:27 am         02454-0018-871821




                                                   HOUSE AMENDMENT

    hbd-08                              Bill No. SB 2454, 1st Eng.

    Amendment No.     (for drafter's use only)





 1  ================ T I T L E   A M E N D M E N T ===============

 2  And the title is amended as follows:

 3         On page 1, line 1,

 4  remove from the title of the bill:  the entire title

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 6  and insert in lieu thereof:

 7                      A bill to be entitled

 8         An act relating to property tax exemptions;

 9         providing for a distribution of money to

10         specified persons who are entitled to an

11         homestead tax exemption; providing

12         appropriations; providing a time limit within

13         which challenges to the rebate must be brought;

14         creating s. 420.0007, F.S.; providing an

15         exemption from property taxation for charitable

16         nonprofit low-income housing properties;

17         providing an effective date.

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    File original & 9 copies    05/01/98
    hbd0016                     11:27 am         02454-0018-871821