HOUSE AMENDMENT

    hbd-08                Bill No. CS for CS for SB 2524, 2nd 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 to Amendment (243299) (with title amendment) 

14         On page 36, between lines 6 & 7,

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16  insert:

17         Section 18.  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                     09:34 am         02524-0018-244937




                                                   HOUSE AMENDMENT

    hbd-08                Bill No. CS for CS for SB 2524, 2nd 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 107, line 14, of the amendment, after the

 4  semicolon

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 6  insert:

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

 8         exemption from property taxation for charitable

 9         nonprofit low-income housing properties;

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    File original & 9 copies    05/01/98
    hbd0016                     09:34 am         02524-0018-244937