Relating to the exemption from ad valorem taxation of certain property owned by a charitable organization that is engaged in providing housing and related facilities and services to persons who are at least 62 years of age.

Added new charitable functions including urban land bank programs, services for unaccompanied homeless individuals with disabilities, radio stations broadcasting educational programming, and tax return preparation services.

Modified the requirement for cooperative housing organizations by adding a new condition that members must share responsibility for managing the housing.

Modified the retirement community housing exemption to clarify that organizations must provide charitable housing and services equal to at least four percent of net resident revenue.

Added new definitions for 'charitable housing and services' specifically for persons 62 years of age or older in financial need, including ministerial, health, social, and educational services.

Established that the Act takes effect on January 1, 2026, and applies only to ad valorem tax years beginning on or after that date.