Mississippi Legislature
2001 Regular Session

House Bill 271

Main Menu


Bill Text

History of Actions

Background

Title

Description: Ad valorem taxation; provide exemption for homes built by certain charitable groups.

Bill Text: [Introduced]

History of Actions:

1 01/02 (H) Referred To Ways and Means
2 02/21 (H) Died In Committee

Background Information:

Effective dateJanuary 1, 2002
DispositionDead
DeadlineRevenue
RevenueYes
Vote type requiredThree/Fifths

House Committee:

Principal Author: Mayo

Title: AN ACT TO AUTHORIZE THE GOVERNING AUTHORITIES OF A MUNICIPALITY OR THE BOARD OF SUPERVISORS OF A COUNTY TO EXEMPT FROM AD VALOREM TAXATION ANY STRUCTURE OR IMPROVEMENT THAT IS TO BE USED EXCLUSIVELY AS A RESIDENCE AND THAT HAS BEEN CONSTRUCTED BY ANY CHAPTER OF A NOT-FOR-PROFIT CORPORATION WITH THE MISSION OF CONSTRUCTING SINGLE-FAMILY DWELLINGS FOR THE BENEFIT OF INDIVIDUALS POSSESSING LOW INCOME LEVELS; TO PROVIDE THAT THE BOARD OF SUPERVISORS OR GOVERNING AUTHORITIES SHALL ESTABLISH CRITERIA FOR DETERMINING THE QUALIFICATIONS TO BE ELIGIBLE FOR THE EXEMPTION OF THE NOT-FOR-PROFIT CORPORATION AND OF THE INDIVIDUALS FOR WHOM THE HOMES ARE CONSTRUCTED; TO PROVIDE THAT THE LENGTH OF THE EXEMPTION SHALL NOT EXCEED 5 YEARS; TO PROVIDE THAT THE GRANTING OF ANY INDIVIDUAL EXEMPTION SHALL BE BY OFFICIAL ACTION OF THE BOARD OF SUPERVISORS OR GOVERNING AUTHORITIES AND MADE A PART OF ITS MINUTES; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 02/21/01 at 15:47.

End Of Document
2001/html/History/HB/HB0271.htm