Mississippi House Bill 1018 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on March 6 2012 - 100% progression
Action: 2012-03-06 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Amend Sections 21-33-45, 27-39-305, 27-39-307, 27-39-317, 27-39-320 And 27-39-321, Mississippi Code Of 1972, To Provide That If Because Of An Increase In The Assessed Valuation Of A Municipality Or County The Ad Valorem Tax Millage Rate For The Existing Fiscal Year Will Generate Funds For The Next Fiscal Year In Excess Of That Generated For The Existing Fiscal Year, Then For Purposes Of Determining Whether The Rate Or Levy Proposed For The Next Fiscal Year Is An Increase From The Previous Year, The Governing Authorities Of The Municipality Or Board Of Supervisors Of The County Shall Reduce The Ad Valorem Tax Millage Rate By The Amount Necessary To Provide That The Revenue Generated For The Next Fiscal Year Is The Same As That Generated For The Existing Fiscal Year And Use Such Reduced Millage Rate As The Basis To Determine Whether The Rate Or Levy Proposed For The Next Fiscal Year Is An Increase From The Previous Year And To Determine Whether Any Proposed Increase In Revenue For The Next Fiscal Year Complies With Certain Limitations On Ad Valorem Tax Revenue Increases; And For Related Purposes.

Ad valorem tax; require cities/counties to reduce millage rate for purposes of proposed increase where assessed value increases.

Rep. John Moore [R]

Date	Chamber	Action
2012-03-06		Died In Committee
2012-02-20		Referred To Ways and Means

Type	Source
Summary	https://billstatus.ls.state.ms.us/2012/pdf/history/HB/HB1018.xml
Text	https://billstatus.ls.state.ms.us/documents/2012/html/HB/1000-1099/HB1018IN.htm