Bill > S1430

This bill amends Florida Statute 196.1975 to revise the eligibility requirements for Florida limited partnerships seeking an ad valorem tax exemption for nonprofit homes for the aged, which are properties owned by organizations that provide housing for seniors and are exempt from property taxes. Specifically, it clarifies that the sole general partner of such a limited partnership must be a nonprofit corporation organized under chapter 617 of Florida Statutes, or be wholly owned by such a nonprofit corporation that is not licensed under chapter 429 (which governs assisted living facilities). The bill also specifies that these changes will apply to the 2027 ad valorem tax roll and will take effect on January 1, 2027.

https://www.flsenate.gov/Session/Bill/2026/1430