Bill Text: MS HB1725 | 2017 | Regular Session | Introduced

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Bill Title: Ad valorem taxes; revise provisions for counties and municipalities.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2017-02-22 - Died In Committee [HB1725 Detail]

Download: Mississippi-2017-HB1725-Introduced.html

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MISSISSIPPI LEGISLATURE

2017 Regular Session

To: Ways and Means

By: Representative Scott

House Bill 1725

AN ACT TO EXEMPT FROM AD VALOREM TAXATION LEVIED BY A COUNTY A PORTION OF THE ASSESSED VALUE OF TAXABLE REAL PROPERTY LOCATED WITHIN A MUNICIPALITY; AND FOR RELATED PURPOSES.  

     BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:

     SECTION 1.  From and after January 1, 2018, twenty percent (20%) of the assessed value of taxable real property that is located within the corporate limits of a municipality shall be exempt from ad valorem taxation levied by a county.

     SECTION 2.  This act shall take effect and be in force from and after July 1, 2017.