Mississippi Legislature
2007 Regular Session

House Bill 791

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Bill Text

History of Actions

Background

Title

Description: Ad valorem tax; impose on nonproducing mineral estates held separately from surface estate.

Bill Text: [Introduced]

History of Actions:

1 01/11 (H) Referred To Oil, Gas and Other Minerals;Ways and Means
2 02/21 (H) Died In Committee

Background Information:

Effective dateJanuary 1, 2007
DispositionDead
DeadlineRevenue
RevenueYes
Vote type requiredThree/Fifths

House Committees:

Principal Author: Robinson (84th)

Code Sections: A 027-0031-0085, A 027-0031-0001, RP 027-0031-0073, RP 027-0031-0075

Title: AN ACT TO IMPOSE AN AD VALOREM TAX ON ALL NONPRODUCING MINERAL ESTATES AND LEASEHOLD INTERESTS IN MINERALS OWNED SEPARATELY AND APART FROM THE SURFACE ESTATE; TO PROVIDE THAT WHERE THE TAX BECOMES DELINQUENT THE MINERAL ESTATE OR LEASEHOLD INTEREST SHALL BE SOLD IN THE SAME MANNER AS LANDS ARE SOLD FOR NONPAYMENT OF TAXES; TO AMEND SECTIONS 27-31-85 AND 27-31-1, 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 02/21/07 at 15:45.

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