MS SB2901 | 2024 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on March 14 2024 - 100% progression
Action: 2024-03-14 - Died On Calendar
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on March 14 2024 - 100% progression
Action: 2024-03-14 - Died On Calendar
Text: Latest bill text (Introduced) [HTML]
Summary
An Act To Provide Notice And Hearing Procedures To Be Followed By Counties And Municipalities Intending To Exceed The Revenue-neutral Rate In Their Levy Of Ad Valorem Taxes; To Provide That These Procedures Do Not Apply To School District Millage Rates; To Require The Refund Of Any Property Taxes Over-collected Based On The Amount Of The Levy In Excess Of The Revenue-neutral Rate, If Such Procedures Were Not Followed; To Provide That The Department Of Revenue Shall Monitor Compliance With This Act, And To Authorize The Department To Promulgate Rules And Regulations In Furtherance Thereof; To Provide That, If The Revenue-neutral Rate Is Exceeded In Violation Of This Act, The Millage Rate For The Following Year Shall Revert To The Number Previously In Effect; To Specify That The Act Does Not Apply To Any Taxing Subdivision Receiving $5,000.00 Or Less In Revenue From Property Taxes In The Current Year; And For Related Purposes.
Title
Ad valorem tax; require counties and municipalities to provide notice and hearing before exceeding revenue-neutral rate.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-03-14 | Senate | Died On Calendar |
| 2024-02-27 | Senate | Title Suff Do Pass |
| 2024-02-19 | Senate | Referred To Finance |
Mississippi State Sources
| Type | Source |
|---|---|
| Summary | https://billstatus.ls.state.ms.us/2024/pdf/history/SB/SB2901.xml |
| Text | https://billstatus.ls.state.ms.us/documents/2024/html/SB/2900-2999/SB2901IN.htm |
