Ad Valorem Tax Exemption for Nonprofit Homes for the Aged

Summary

The measure revises Florida’s ad valorem tax exemption rules for nonprofit homes for the aged, limiting eligibility to certain nonprofit corporations or limited partnerships with a nonprofit general partner. It requires the nonprofit to have 501(c)(3) federal tax‑exempt status as of January 1 of the tax year. The changes would take effect for the 2027 tax roll, but the bill died in committee.

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