SENATE AMENDMENT

    Bill No. HB 3931

    Amendment No.    

                            CHAMBER ACTION
              Senate                               House
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11  Senator Klein moved the following amendment:

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13         Senate Amendment (with title amendment) 

14         On page 3, between lines 19 and 20,

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16   insert:

17         Section 4.  Exemption from property taxation for

18  charitable nonprofit low income housing

19  properties.--Properties owned entirely by nonprofit

20  corporations that are defined as charitable organizations

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

22  with the Internal Revenue Procedure 96-32 and which provide

23  housing to low and very-low income persons, as defined in

24  section 420.0004, Florida Statutes, shall be considered

25  charitable and exempt from ad valorem taxation under chapter

26  196, Florida Statutes, to the extent authorized under section

27  196.192, Florida Statutes.

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29  (Redesignate subsequent sections.)

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    7:35 PM   04/30/98                                h3931c-28m01




                                                  SENATE AMENDMENT

    Bill No. HB 3931

    Amendment No.    





 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 9, after the semicolon

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 5  insert:

 6         providing a tax exemption for specified low

 7         income housing properties;

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    7:35 PM   04/30/98                                h3931c-28m01