Bill Text: MS HB1361 | 2020 | Regular Session | Introduced
Bill Title: Ad valorem tax; authorize tax assesor to change assessment under certain circumstances.
Spectrum: Partisan Bill (Republican 8-0)
Status: (Failed) 2020-03-03 - Died In Committee [HB1361 Detail]
Download: Mississippi-2020-HB1361-Introduced.html
MISSISSIPPI LEGISLATURE
2020 Regular Session
To: Ways and Means
By: Representatives Darnell, Carpenter, Ford (73rd), Haney, McCarty, McLean, Morgan, Yancey
House Bill 1361
AN ACT TO AMEND SECTION 27-35-3, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT WHERE PROPERTY IS DESTROYED BEFORE APRIL 1 OF A CALENDAR YEAR DUE TO CERTAIN ACCIDENTS OR OCCURRENCES, THE TAX ASSESSOR MAY CHANGE, CANCEL OR DECREASE AN ASSESSMENT OF THE PROPERTY; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. Section 27-35-3, Mississippi Code of 1972, is amended as follows:
27-35-3. All taxable real property situated in the state acquired or held by any person before January 1 of each year, and all other taxable property so situated or brought into this state at any time prior to March 1 of each year, shall be assessed and taxes thereon paid for the ensuing year with the exception of heavy duty equipment as defined in Section 27-35-1(2). However, if an accident or occurrence described in item 9 of Section 27-35-143 occurs before April 1 of a calendar year and destroys or damages property before such date, then the tax assessor on behalf of the party interested may change, cancel or decrease an assessment of the property. Heavy duty equipment shall be assessed and taxes thereon paid at any time such equipment is acquired or brought into this state for use as construction equipment, and such assessment shall be prorated with respect to the number of months remaining in the year. Such other property shall not be assessed by more than one (1) county, and such county in which said property was located at the earliest taxable date in any year shall have priority in the assessment of such taxes.
Provided, however, that when a municipality is created or the corporate limits thereof extended after January 1 of any year it shall have, prior to July 1 of said year, the full right and power to assess said property and collect taxes for the current year to the same extent as if it had been created or limits extended prior to January 1 of that year.
Nothing in this section shall be construed to limit the power of the state to define and declare the situs of particular species of property having no fixed situs at some place in this state.
SECTION 2. This act shall take effect and be in force from and after its passage.
