History of Actions | Background | Title |
Description: Ad valorem taxes; exempt personal property and products held by a retailer on a consignment or floor plan basis.
| 1 | 01/06/98 | (H) | Referred To Ways and Means | |
| 2 | 02/25/98 | (H) | Died In Committee |
| Effective date | January 1, 1999 | |
| Disposition | Dead | |
| Deadline | Revenue/Appropriation | |
| Revenue | Yes | |
| 3/5ths vote required | Yes |
House Committee:
Principal Author: Broomfield
Code Sections: A 027-0031-0007, A 027-0035-0001
Title: AN ACT TO AMEND SECTION 27-31-7, MISSISSIPPI CODE OF 1972, TO REQUIRE LOCAL GOVERNING AUTHORITIES TO EXEMPT FROM AD VALOREM TAXATION THE VALUE OF PERSONAL PROPERTY OR PRODUCTS, INCLUDING FINISHED GOODS, IN THE HANDS OF A RETAILER ON A CONSIGNMENT OR FLOOR PLAN BASIS; TO AMEND SECTION 27-35-1, MISSISSIPPI CODE OF 1972, TO CONFORM TO THE PROVISIONS OF THIS ACT; AND FOR RELATED PURPOSES.
End Of Document
1998/History/HB\HB0311.htm