Bill Text | History of Actions | Background | Title |
Description: Oil producing properties; allow certain to collect entire tax that would otherwise be shared with county.
Bill Text: [Introduced]
| 1 | 02/23 (H) Referred To Ways and Means | |
| 2 | 03/09 (H) Died In Committee |
| Effective date | July 1, 2004 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Majority |
House Committee:
Principal Author: Shows*
Code Sections: A 027-0025-0505, A 027-0025-0705
Title: AN ACT TO AMEND SECTIONS 27-25-505 AND 27-25-705, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT WHEN THERE ARE ANY OIL PRODUCING PROPERTIES LOCATED ENTIRELY WITHIN THE CORPORATE LIMITS OF ANY MUNICIPALITY, THEN THAT MUNICIPALITY SHALL RECEIVE THE TOTAL AMOUNT OF THE TAX THAT THE COUNTY IS ENTITLED TO RECEIVE; TO PROVIDE THAT WHEN THERE ARE ANY OIL PRODUCING PROPERTIES LOCATED ENTIRELY OUTSIDE THE CORPORATE LIMITS OF ANY MUNICIPALITY, THEN THE COUNTY SHALL RECEIVE THE TOTAL AMOUNT OF THE TAX THAT THE COUNTY IS ENTITLED TO RECEIVE; TO PROVIDE THAT WHEN THERE IS AN OIL PRODUCING PROPERTY LOCATED PARTIALLY IN A MUNICIPALITY, THEN THAT MUNICIPALITY SHALL PARTICIPATE IN THE DIVISION OF THE TAX RETURNED TO THE COUNTY IN WHICH THE MUNICIPALITY IS LOCATED; AND FOR RELATED PURPOSES.
End Of Document
2004/html/History/HB/HB1502.htm