Mississippi Legislature
2005 Regular Session

Senate Bill 2293

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Bill Text

History of Actions

Background

Title

Description: Ad valorem taxation of agriculatural prop; increase moving average used to determine true value; lower amount that true value may vary.

Bill Text: [Introduced]

History of Actions:

1 01/10 (S) Referred To Finance
2 02/23 (S) Died In Committee

Background Information:

Effective dateJuly 1, 2005
DispositionDead
DeadlineRevenue
RevenueYes
Vote type requiredThree/Fifths

Senate Committee:

Principal Author: Wilemon

Code Section: A 027-0035-0050

Title: AN ACT TO AMEND SECTION 27-35-50, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT AFTER THE YEAR 2005 A MOVING AVERAGE OF 15 YEARS SHALL BE APPLIED IN ARRIVING AT THE TRUE VALUE OF LAND USED FOR AGRICULTURAL PURPOSES, AND TO PROVIDE THAT AFTER THE YEAR 2005 THE AMOUNT OF VARIATION, UP OR DOWN, FROM A PREVIOUS YEAR THAT THE TRUE VALUE OF AGRICULTURAL LAND MAY FLUCTUATE SHALL NOT EXCEED 2-1/2%; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 02/23/05 at 15:38.

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