Mississippi Legislature
2006 Regular Session

House Bill 486

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Bill Text

History of Actions

Background

Title

Description: Mineral rights; owner pays certain portion of property taxes.

Bill Text: [Introduced]

History of Actions:

1 01/06 (H) Referred To Oil, Gas and Other Minerals;Ways and Means
2 01/31 (H) Died In Committee

Background Information:

Effective dateJanuary 1, 2006
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
Vote type requiredThree/Fifths

House Committees:

Principal Author: Gibbs

Additional Authors: Eaton, Buck, Dickson, Ellis, Fleming, Harrison, Holloway, Huddleston, Markham, Thomas

Code Sections: A 027-0031-0085, RP 027-0031-0073, RP 027-0031-0075

Title: AN ACT TO REQUIRE OWNERS OF ALL NONPRODUCING MINERAL ESTATES AND LEASEHOLD INTERESTS IN MINERALS OWNED SEPARATELY AND APART FROM THE SURFACE ESTATE TO PAY A CERTAIN PORTION OF PROPERTY TAXES; TO PROVIDE THAT WHERE THE TAX BECOMES DELINQUENT THE MINERAL ESTATE OR LEASEHOLD INTEREST SHALL REVERT TO THE SURFACE OWNER; TO AMEND SECTION 27-31-85, MISSISSIPPI CODE OF 1972, IN CONFORMITY TO THE PROVISIONS OF THIS ACT; TO REPEAL SECTIONS 27-31-73 AND 27-31-75, MISSISSIPPI CODE OF 1972, WHICH RELATE TO THE EXEMPTION OF NONPRODUCING MINERAL AND LEASEHOLD INTERESTS FROM AD VALOREM TAXES; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 01/31/06 at 18:07.

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