March 6, 2026

Florida Senate Bill 110 (2026) (“SB 110”) amends section 196.041(1), Florida Statutes, to clarify that a person holding a bona fide leasehold interest of 98 years or more in residential or condominium property is deemed to hold legal or beneficial and equitable title for purposes of Florida’s homestead ad valorem tax exemption, even if the leasehold interest terminates upon the death of the lessee. The bill expressly states that the amendment is remedial and clarifying in nature and provides that it takes effect upon becoming law.

As of February 19, 2026, SB 110 has passed the Florida Senate and is listed as “In House, in Messages”. This means that it is formally before the House for consideration and is not yet law.

CLICK HERE for the full text of SB 110.

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