This section is adopted pursuant to F.S. § 196.075, as amended, and Section 6(f),
Article VII of the Florida Constitution to allow an additional homestead tax exemption
of fifty thousand dollars ($50,000.00) for any person who has legal or equitable title
to real estate and maintains thereon the permanent residence of such owner, who has
attained age sixty-five (65), and whose household income does not exceed twenty thousand
dollars ($20,000.00) in accordance with the regulations established herein.
