Bill Text | History of Actions | Background | Title |
Description: Ad valorem tax; agricultural land sold for other use will be considered agricultural land under certain circumstances.
Bill Text: [Introduced]
| 1 | 01/08 (H) Referred To Ways and Means | |
| 2 | 02/27 (H) Died In Committee |
| Effective date | July 1, 2002 | |
| Disposition | Dead | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths |
House Committee:
Principal Author: Young
Code Section: A 027-0035-0050
Title: AN ACT TO AMEND SECTION 27-35-50, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT IN DETERMINING THE TRUE VALUE OF LAND FOR THE PURPOSE OF ASSESSMENT FOR AD VALOREM TAX PURPOSES, IF LAND USED FOR AGRICULTURAL PURPOSES IS SOLD FOR ANY USE OTHER THAN AGRICULTURAL PURPOSES, SUCH LAND SHALL CONTINUE TO BE CONSIDERED USED FOR AGRICULTURAL PURPOSES UNTIL THE BUYER OF THE LAND, OR A SUCCESSOR IN INTEREST, SELLS THE LAND OR ANY PORTION THEREOF FOR ANY USE OTHER THAN AGRICULTURAL PURPOSES, AND IF SUCH LAND WHEN SUBSEQUENTLY SOLD IS SOLD IN PORTIONS RATHER THAN IN ITS ENTIRETY, ONLY THE PORTION OR PORTIONS SUBSEQUENTLY SOLD SHALL BE CONSIDERED TO BE USED FOR OTHER THAN AGRICULTURAL PURPOSES; AND FOR RELATED PURPOSES.
End Of Document
2002/html/History/HB/HB0071.htm