MS HB1137 | 2021 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on March 18 2021 - 100% progression
Action: 2021-03-18 - Approved by Governor
Text: Latest bill text (Enrolled) [HTML]

Summary

An Act To Amend Section 27-35-50, Mississippi Code Of 1972, To Revise Certain Provisions Regarding Use Of An Income Capitalization Approach As A Criteria For The Calculation Of True Value For Land Used For Agricultural Purposes; To Provide That Government Payments And Crop Insurance Indemnities Shall Not Be Included In Determining The True Value Of Land Used For Agricultural Purposes And That A Charge For Crop Management Equal To Twenty-five Percent Of The Sum Of A Crop's Estimated Variable Cost, Machinery Ownership Cost, And General Farm Overhead Cost, Shall Be Deducted In Determining The True Value Of Such Land; To Provide That The Fact That Land Is Leased For Hunting Or Fishing Purposes Shall Not Preclude The Land From Being Deemed To Be Used For Agricultural Purposes; To Provide That Income Derived From A Hunting Or Fishing Lease May Be Used In Combination With Other Relevant Criteria To Determine The True Value Of Land; And For Related Purposes.

Tracking Information

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Title

Ad valorem tax; revise certain provisions regarding the determination of true value of land used for agricultural purposes.

Sponsors


Roll Calls

2021-03-09 - Senate - Senate Passed (Y: 50 N: 1 NV: 1 Abs: 0) [PASS]
2021-02-03 - House - House Passed (Y: 115 N: 1 NV: 6 Abs: 0) [PASS]

History

DateChamberAction
2021-03-18 Approved by Governor
2021-03-12SenateEnrolled Bill Signed
2021-03-11HouseEnrolled Bill Signed
2021-03-10SenateReturned For Enrolling
2021-03-09SenatePassed
2021-03-02SenateTitle Suff Do Pass
2021-02-25SenateDR - TSDP: FI To AG
2021-02-16SenateReferred To Finance;Agriculture
2021-02-04HouseTransmitted To Senate
2021-02-03HousePassed
2021-01-27HouseTitle Suff Do Pass
2021-01-18HouseReferred To Ways and Means

Code Citations

ChapterArticleSectionCitation TypeStatute Text
273550Amended CodeSee Bill Text

Mississippi State Sources


Bill Comments

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