History of Actions | Background | Title |
Description: Motor Vehicle Ad Valorem Tax Reduction Fund; use surplus to reimburse local government for certain tax losses.
| 1 | 01/20/97 | (S) | Referred To Finance | |
| 2 | 02/04/97 | (S) | Title Suff Do Pass Comm Sub | |
| 3 | 02/13/97 | (S) | Committee Substitute Adopted | |
| 4 | 02/13/97 | (S) | Amended | |
| 5 | 02/13/97 | (S) | Failed |
| Effective date | July 1, 1997 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| 3/5ths vote required | Yes |
Senate Committee:
Principal Author: Bryan
Code Sections: A 027-0051-0103, A 027-0051-0105, A 027-0051-0107
Title: AN ACT TO AMEND SECTION 27-51-103, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT THE DOLLAR AMOUNT OF THE MOTOR VEHICLE AD VALOREM TAX CREDIT SHALL NOT EXCEED $500.00 FOR EACH ELIGIBLE MOTOR VEHICLE; TO AMEND SECTION 27-51-105, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT CERTAIN SURPLUS FUNDS IN THE MOTOR VEHICLE AD VALOREM TAX REDUCTION FUND SHALL BE USED TO REIMBURSE LOCAL TAXING DISTRICTS FOR AD VALOREM TAX LOSSES THEY INCUR AS A RESULT OF CERTAIN MOTOR VEHICLE AD VALOREM TAX EXEMPTIONS; TO AMEND SECTION 27-51-107, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; AND FOR RELATED PURPOSES.
End Of Document
1997/History/SB\SB2732.htm