Description: Ad valorem taxes; delete repealer on law concerning attachment of and authority to assess on inventory based on one year average.
History of Actions:
|1||01/07/97||(H)||Referred To Ways and Means|
|2||02/04/97||(H)||Died In Committee|
|Effective date||July 1, 1997|
|Deadline||General Bill/Constitutional Amendment|
|3/5ths vote required||Yes|
Principal Author: Holden
Code Section: A 027-0035-0001
Title: AN ACT TO REENACT SECTION 27-35-1, MISSISSIPPI CODE OF 1972, WHICH PROVIDES FOR THE ATTACHMENT AND PREFERENCES OF AD VALOREM TAXES ON LANDS AND CERTAIN PERSONAL PROPERTY, AND WHICH PROVIDES THAT AD VALOREM TAXES ASSESSED ON AN INVENTORY OF GOODS OR MERCHANDISE MAY BE BASED ON THE VALUE OF THE INVENTORY ON JANUARY 1 OF THE TAX YEAR OR THE AVERAGE OF THE MONTHLY INVENTORY DURING THE PRECEDING 12 MONTHS FROM JANUARY 1 OF EACH YEAR; TO AMEND REENACTED SECTION 27-35-1, MISSISSIPPI CODE OF 1972, TO DELETE THE REPEALER; AND FOR RELATED PURPOSES.
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