Downloads
CS/SB 110 — Homestead Exemptions
by Finance and Tax Committee and Senators Arrington and Gaetz
This summary is provided for information only and does not represent the opinion of any Senator, Senate Officer, or Senate Office.
Prepared by: Finance and Tax Committee (FT)
The bill amends s. 196.041, F.S., to provide that a lessee that owns the leasehold interest in a bona fide lease of 98 years or more in a residential or condominium parcel is eligible for a homestead exemption on the property, even if the lease contains a provision that terminates the leasehold interest upon the death of the lessee.
If approved by the Governor, or allowed to become law without the Governor's signature, these provisions take effect upon becoming law.
Vote: Senate 38-0; House 108-0