A BILL to be entitled an Act to provide a homestead exemption from Lowndes County ad valorem taxes for county purposes in the amount of $40,000.00 of the assessed value of the homestead for residents of that county who are 65 years of age or older; to provide a homestead exemption from Lowndes County ad valorem taxes for county purposes in the amount of $50,000.00 of the assessed value of the homestead for residents of that county who are 70 years of age or older; to provide for definitions; to specify the terms and conditions of the exemption and the procedures relating thereto; to provide for related matters; to repeal conflicting laws; and for other purposes.