Florida Senate - 2022                                     SB 362
       By Senator Rodriguez
       39-00600-22                                            2022362__
    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.; revising ownership entities for nonprofit homes
    5         qualifying for an exemption from ad valorem taxation
    6         to include certain limited partnerships; providing an
    7         effective date.
    9  Be It Enacted by the Legislature of the State of Florida:
   11         Section 1. Subsection (1) of section 196.1975, Florida
   12  Statutes, is amended to read:
   13         196.1975 Exemption for property used by nonprofit homes for
   14  the aged.—Nonprofit homes for the aged are exempt to the extent
   15  that they meet the following criteria:
   16         (1) The applicant must be a corporation not for profit
   17  under pursuant to chapter 617 or a Florida limited partnership,
   18  the sole general partner of which is a corporation not for
   19  profit under pursuant to chapter 617 or an entity wholly owned
   20  by a corporation not for profit under chapter 617, and the
   21  corporation not for profit must have been exempt as of January 1
   22  of the year for which exemption from ad valorem property taxes
   23  is requested from federal income taxation by having qualified as
   24  an exempt charitable organization under the provisions of s.
   25  501(c)(3) of the Internal Revenue Code of 1954 or of the
   26  corresponding section of a subsequently enacted federal revenue
   27  act.
   28         Section 2. This act shall take effect January 1, 2023.