A BILL to be entitled an Act to provide a homestead exemption from City of Hampton ad valorem taxes for municipal purposes for the total amount of the assessed value of the homestead for residents of that city who have resided at such homestead for at least five years; to provide for definitions; to specify the terms and conditions of the exemption and the procedures relating thereto; to provide for applicability; to provide for compliance with constitutional requirements; to provide for a referendum, effective dates, automatic repeal, mandatory execution of election, and judicial remedies regarding failure to comply; to provide for related matters; to repeal conflicting laws; and for other purposes.