Ad Valorem Tax Exemption for Nonprofit Homes for the Aged

Plain English Breakdown

The bill's status as 'Passed Legislature' but with an action of 'Died in Community Affairs' suggests there may be additional steps or issues not covered by the provided summary.

Tax Break for Nonprofit Homes for Elderly

This bill changes the rules to make it easier for certain nonprofit homes for elderly people in Florida to get tax breaks on their property.

What This Bill Does

• Changes a rule about who can apply for tax exemptions for nonprofit homes for the aged.
• Allows more types of partnerships to qualify for these tax exemptions if they meet specific conditions.
• Requires that any partnership applying must be owned by a nonprofit corporation that is also exempt from federal income taxes as a charitable organization.

Who It Names or Affects

• Nonprofit homes for elderly people in Florida
• Florida limited partnerships that own or manage these homes

Terms To Know

Ad Valorem Tax

A tax based on the value of a property.

Nonprofit Corporation

An organization formed for charitable or other public purposes, not to make money for its owners.

Limits and Unknowns

• The bill only affects homes for elderly people that are nonprofits.
• It does not change tax rules for other types of property or businesses.
• The new rules will start in January 2027, so there is a delay before they take effect.

Official Summary Text

Ad Valorem Tax Exemption for Nonprofit Homes for the Aged; Revising an eligibility requirement for Florida limited partnerships applying for ad valorem tax exemptions for nonprofit homes for the aged, etc.

Current Bill Text

Florida Senate
-
2026

SB 1430

By
Senator Wright

8-00477C-26 20261430__
1 A bill to be entitled
2 An act relating to an ad valorem tax exemption for
3 nonprofit homes for the aged; amending s. 196.1975,
4 F.S.; revising an eligibility requirement for Florida
5 limited partnerships applying for ad valorem tax
6 exemptions for nonprofit homes for the aged; providing
7 applicability; providing an effective date.
8
9 Be It Enacted by the Legislature of the State of Florida:
10
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
either
a corporation not
19 for profit
under

pursuant to
chapter 617
or is wholly owned by a

20
corporation not for profit under chapter 617 and not licensed

21
under chapter 429
, and the corporation not for profit must have
22 been exempt as of January 1 of the year for which exemption from
23 ad valorem property taxes is requested from federal income
24 taxation by having qualified as an exempt charitable
25 organization under
the provisions of
s. 501(c)(3) of the
26 Internal Revenue Code of 1954 or
of
the corresponding section of
27 a subsequently enacted federal revenue act.
28 Section 2.
The amendments made by this act to s.

29
196.1975(1), Florida Statutes, first apply to the 2027 ad

30
valorem tax roll.

31 Section 3. This act shall take effect January 1, 2027.