Bill Text: MS HB1555 | 2018 | Regular Session | Introduced
Bill Title: Ad valorem tax; exempt property of Alcorn State University leased to private entities for student housing.
Sponsorship: Moderate Partisan Bill (Democrat 5-1)
Status: (Failed) 2018-02-21 - Died In Committee [HB1555 Detail]
Download: Mississippi-2018-HB1555-Introduced.html
MISSISSIPPI LEGISLATURE
2018 Regular Session
To: Ways and Means
By: Representatives Holloway, Middleton, Paden, Wooten, Clarke
House Bill 1555
AN ACT TO PROVIDE THAT THE LANDS AND PROPERTY OF ALCORN STATE UNIVERSITY SHALL NOT BE SUBJECT TO TAXATION AND TO PROVIDE THAT THE BUILDINGS AND IMPROVEMENTS THAT ARE ERECTED ON ANY LAND BELONGING TO THE UNIVERSITY THAT IS LEASED TO PRIVATE ENTITIES FOR THE PURPOSE OF AFFORDING AFFORDABLE BOARD TO STUDENTS SHALL NOT BE SUBJECT TO TAXATION; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. The lands and property of Alcorn State University shall not be subject to state, county or municipal taxation. The buildings and improvements that are or may be erected on any land belonging to the university that has been or may be leased to private entities for the purpose of affording affordable board to the students attending the institution shall not be subject to taxation.
SECTION 2. This act shall take effect and be in force from and after its passage.
