Bill > H1131

This bill amends Florida Statute 196.1975 to revise the eligibility requirements for nonprofit homes for the aged seeking an ad valorem tax exemption, which is a property tax exemption. Specifically, it clarifies that a Florida limited partnership can qualify if its sole general partner is either a nonprofit corporation organized under chapter 617 (a section of Florida law governing nonprofit corporations) or is wholly owned by such a nonprofit corporation that is not licensed under chapter 429 (a section of Florida law related to adult congregate living facilities). The nonprofit corporation must have been exempt from federal income tax as a charitable organization under section 501(c)(3) of the Internal Revenue Code as of January 1st of the year for which the exemption is sought. These changes will apply to the 2027 ad valorem tax roll and take effect on January 1, 2027.

Budget and Finance

https://www.flsenate.gov/Session/Bill/2026/1131