Mississippi Senate Bill 2702 (Prior Session Legislation)

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Completed Legislative Action
Sponsorship: Partisan Bill (Democrat 1)
Status: Failed on January 30 2018 - 100% progression
Action: 2018-01-30 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Authorize The Board Of Trustees Of School Districts Located In The Counties That Comprise The Three Rivers Planning And Development District To Pledge A Portion Of The New Ad Valorem Tax Revenue From Any Increase In The Assessed Value Of Property As A Result Of A New Enterprise That Is Granted An Ad Valorem Tax Exemption Under Section 27-31-101; To Provide That The Purpose Of The Pledge Shall Be To Reimburse Local Governments For Costs Related To The Location Of A New Enterprise; To Provide That The Board Of Trustees Of The School District May Pledge Not More Than 40% Of The Annual Increase In Ad Valorem Tax Revenue That It Receives As A Result Of Any Increase In The Assessed Value; To Provide That The Pledge Of Revenue Shall Be Effective Until The Local Governments Are Fully Reimbursed For The Approved Cost Of The Project But In No Event Longer Than The Duration Of The Tax Exemption For The New Enterprise; To Provide That The Pledge Shall Be Irrevocable; And For Related Purposes.

Three Rivers PDD; school district may pledge portion of certain ad valorem tax increase to reimburse cost of certain projects.

Sen. Hob Bryan [D]

Date	Chamber	Action
2018-01-30	Senate	Died In Committee
2018-01-15	Senate	Referred To Finance

Type	Source
Summary	https://billstatus.ls.state.ms.us/2018/pdf/history/SB/SB2702.xml
Text	https://billstatus.ls.state.ms.us/documents/2018/html/SB/2700-2799/SB2702IN.htm