Description: Ad valorem tax; agricultural land to retain agricultural use value after development until transferred and used for developed purpose.
Bill Text: [Introduced]
History of Actions:
|1||02/23 (H) Referred To Ways and Means|
|2||03/31 (H) Died In Committee|
|Effective date||July 1, 2004|
|Vote type required||Three/Fifths|
Principal Author: Young
Additional Authors: Akins, Barnett, Beckett, Bentz, Bounds, Cummings, Davis, Denny, Fillingane, Franks, Hamilton (6th), Lott, Martinson, Mayhall, Montgomery, Moore, Reeves, Rogers (61st), Rotenberry, Smith (59th), Snowden, Staples, Turner, Wells-Smith
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, LAND THAT IS USED FOR AGRICULTURAL PURPOSES AND THAT IS IMPROVED OR DEVELOPED FOR ANY PURPOSE OTHER THAN AGRICULTURAL PURPOSES SHALL CONTINUE TO BE CONSIDERED USED FOR AGRICULTURAL PURPOSES UNTIL TITLE TO THE LAND IS TRANSFERRED TO ANOTHER PERSON OR PERSONS WHO USES THE LAND FOR THE PURPOSE OR PURPOSES FOR WHICH IT WAS IMPROVED OR DEVELOPED; AND FOR RELATED PURPOSES.
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