Mississippi Legislature
2006 Regular Session

Senate Bill 2998

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Bill Text

History of Actions

Background

Title

Description: Ad valorem tax; exempt certain increases in the assessed value of homesteads owned by persons 65 years of age or older.

Bill Text: [Introduced]

History of Actions:

1 02/02 (S) Referred To Finance
2 02/22 (S) Died In Committee

Background Information:

Effective dateJuly 1, 2006
DispositionDead
DeadlineRevenue
RevenueYes
Vote type requiredThree/Fifths

Senate Committee:

Principal Author: Cuevas

Title: AN ACT TO AUTHORIZE AN AD VALOREM TAX EXEMPTION FOR HOMEOWNERS 65 YEARS OF AGE OR OLDER FOR INCREASES IN THE ASSESSED VALUE ON THEIR HOME SUBSEQUENT TO THE DATE THAT THEY QUALIFY FOR THE EXEMPTION; TO PROVIDE THAT THIS EXEMPTION SHALL NOT APPLY TO HOMEOWNERS WITH AN ADJUSTED GROSS INCOME ON THEIR FEDERAL TAX RETURN IN EXCESS OF $70,000.00; TO REQUIRE THAT THE EXEMPTION BE APPLIED FOR ANNUALLY; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 02/22/06 at 17:39.

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