The bill amends section 196.041 of the Florida Statutes, which pertains to homestead exemptions. It revises the criteria under which individuals may be considered to have legal or beneficial and equitable title to certain properties for the purpose of qualifying for homestead exemptions from ad valorem taxes. Specifically, the bill clarifies that vendees in possession of real estate under bona fide contracts, as well as lessees with long-term leases, can qualify for these exemptions even if their lease contains a provision that terminates the leasehold interest upon their death.

Additionally, the bill states that the amendments made are remedial and clarifying in nature, ensuring that the intent of the law is clear and that individuals who meet the specified criteria can benefit from homestead exemptions. The act is set to take effect upon becoming law.

Statutes affected:
S 110 Filed: 196.041
S 110 c1: 196.041