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Bill > H1295


FL H1295

FL H1295
Property Tax Exemptions Used by Hospitals


summary

Introduced
03/03/2019
In Committee
04/24/2019
Crossed Over
04/23/2019
Passed
Dead
05/03/2019

Introduced Session

2019 Regular Session

Bill Summary

Provides criteria to be used in determining value of tax exemptions for charitable use of certain hospitals; provides application requirements for tax exemptions on certain properties.

AI Summary

This bill provides criteria to be used in determining the value of tax exemptions for the charitable use of certain hospital properties. The bill requires hospitals seeking a tax exemption to provide specific information, including a copy of their most recently filed Internal Revenue Service Form 990 Schedule H, a statement of the net community benefit expense attributable to the hospital property, and a statement from the hospital's chief executive officer and a certified public accountant attesting to the accuracy of the information. The bill also establishes a formula to calculate the extent of the exemption based on the net community benefit expense and the unadjusted exempt value of the property.

Committee Categories

Budget and Finance, Health and Social Services

Sponsors (1)

Other Sponsors (2)

Health Market Reform Subcommittee (House), Ways and Means Committee (House)

Last Action

Died in Finance and Tax (on 05/03/2019)

bill text


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