summary
Introduced
12/11/2019
12/11/2019
In Committee
03/06/2020
03/06/2020
Crossed Over
03/06/2020
03/06/2020
Passed
Dead
03/14/2020
03/14/2020
Introduced Session
2020 Regular Session
Bill Summary
An act relating to property tax exemptions used by hospitals; amending s. 196.197, F.S.; providing criteria to be used in determining the value of tax exemptions for charitable use of certain hospitals; providing definitions; providing application requirements for tax exemptions on certain properties; providing an effective date.
AI Summary
This bill aims to provide criteria for determining the value of tax exemptions for charitable use of certain hospitals in Florida. It amends Florida Statute 196.197 to include a new subsection that outlines the calculation method for the exemption, which involves multiplying the unadjusted exempt value of the hospital's property and tangible personal property by a fraction based on the hospital's county net community benefit expense and the county's total tax assessment. The bill also defines key terms, such as "county tax assessment" and "unadjusted exempt value," and requires hospitals to submit specific information, including their most recently filed IRS Form 990 Schedule H, to apply for the exemption. The bill is set to take effect on July 1, 2020.
Committee Categories
Budget and Finance, Health and Social Services
Sponsors (3)
Other Sponsors (1)
Ways and Means Committee (House)
Last Action
Died in Finance and Tax (on 03/14/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.flsenate.gov/Session/Bill/2020/919 |
| Bill | https://www.flsenate.gov/Session/Bill/2020/919/BillText/c1/PDF |
| House Committee Amendment #929973 | https://www.flsenate.gov/Session/Bill/2020/919/Amendment/929973/PDF |
| Bill | https://www.flsenate.gov/Session/Bill/2020/919/BillText/Filed/PDF |
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