Code · Florida · Title XIV — Taxation and Finance · Chapter 196

196.2002 Exemption for s. 501(c)(12) not-for-profit water and wastewater systems.

57 words·~1 min read·/fl/title-xiv/chapter-196/196-2002

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Property of any not-for-profit water and wastewater corporation which holds a current exemption from federal income tax under s. 501(c)(12) of the Internal Revenue Code, as amended, shall be exempt from ad valorem taxation if the sole or primary function of the corporation is to construct, maintain, or operate a water and/or wastewater system in this state.