MS SB2968 | 2025 | Regular Session
Status
Completed Legislative Action
Sponsorship: Partisan Bill (Republican 22)
Status: Failed on March 29 2025 - 100% progression
Action: 2025-03-29 - Died In Conference
Text: Latest bill text (Engrossed) [HTML]
Sponsorship: Partisan Bill (Republican 22)
Status: Failed on March 29 2025 - 100% progression
Action: 2025-03-29 - Died In Conference
Text: Latest bill text (Engrossed) [HTML]
Summary
An Act To Amend Section 27-35-50, Mississippi Code Of 1972, To Specify Provisions For Determining The True Value Of Rural Structures For Ad Valorem Tax Assessment Purposes; To Require That The True Value Of Any Rural Structure Appraised Before January 1, 2025, Be Recalculated For 2025 And Subsequent Tax Years In Accordance With This Act, Beginning With A Reappraisal Of The True Value As Of The Year Of The Initial Appraisal; To Require The Tax Assessor, In Arriving At The True Value Of A Rural Structure In Operation On Or Before January 1, 2025, To Follow The Guidelines In The Department Of Revenue Appraisal Manual In Use Immediately Prior To The Version Revised December 2020; To Require The Tax Assessor, In Arriving At The True Value Of A Rural Structure Placed In Operation After January 1, 2025, To Follow The Guidelines In The Most Current Version Of The Department Of Revenue Appraisal Manual; To Provide That, After The Initial Appraisal, The True Value Of Such A Rural Structure Shall Be Based Solely On Depreciation At A Rate Of 7% Per Year; To Provide That Net Depreciation Of A Poultry House Shall Not Fall Below 20% Of The Original True Value; To Require That An Adjustment Of 45% For Economic Obsolescence Be Applied To All Poultry Houses Used In Commercial Farming Operations; And For Related Purposes.
Title
Ad valorem tax; specify provisions for determining the true value of rural structures.
Sponsors
Roll Calls
2025-03-18 - House - House Passed As Amended (Y: 120 N: 0 NV: 0 Abs: 0) [PASS]
2025-02-26 - Senate - Senate Passed (Y: 50 N: 1 NV: 0 Abs: 0) [PASS]
2025-02-26 - Senate - Senate Passed (Y: 50 N: 1 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2025-03-29 | Senate | Died In Conference |
| 2025-03-28 | House | Conferees Named Lamar,Steverson,Powell |
| 2025-03-28 | Senate | Conferees Named Harkins,Johnson,Rhodes |
| 2025-03-20 | Senate | Decline to Concur/Invite Conf |
| 2025-03-19 | House | Returned For Concurrence |
| 2025-03-18 | House | Passed As Amended |
| 2025-03-18 | House | Amended |
| 2025-03-17 | House | Title Suff Do Pass As Amended |
| 2025-02-28 | House | Referred To Ways and Means |
| 2025-02-27 | Senate | Transmitted To House |
| 2025-02-26 | Senate | Passed |
| 2025-02-26 | Senate | Committee Substitute Adopted |
| 2025-02-25 | Senate | Title Suff Do Pass Comm Sub |
| 2025-02-12 | Senate | Referred To Finance |
