2018
Regular Session
Ad valorem tax; revise provisions regarding payment where county inadvertently exempted property, revise certain homestead exemption.
AN ACT TO AMEND SECTION 27-35-157, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT IF PROPERTY IS FOUND TO HAVE ESCAPED AD VALOREM TAXATION DUE TO A COUNTY BOARD OF SUPERVISORS HAVING GRANTED AN AD VALOREM TAX EXEMPTION AUTHORIZED BY LAW AND THEN INADVERTENTLY ALLOWING THE EXEMPTION TO EXTEND BEYOND THE PERIOD AUTHORIZED BY LAW FOR THE EXEMPTION, A TAXPAYER MAY PAY THE AD VALOREM TAXES, WITHOUT ANY PENALTY OR INTEREST, WHICH OTHERWISE WOULD HAVE BEEN LEVIED ON THE PROPERTY HAD IT NOT BEEN INADVERTENTLY EXEMPTED FROM AD VALOREM TAXATION BY THE COUNTY BOARD OF SUPERVISORS; TO BRING FORWARD SECTION 27-35-155, MISSISSIPPI CODE OF 1972, WHICH PROVIDES FOR THE ASSESSMENT OF PROPERTY HAVING ESCAPED AD VALOREM TAXATION, FOR THE PURPOSES OF POSSIBLE AMENDMENT; TO AMEND SECTION 27-33-75, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT A QUALIFIED HOMEOWNER CLAIMING A HOMESTEAD EXEMPTION ALLOWED FOR A PERSON WHO IS SIXTY-FIVE YEARS OF AGE OR OLDER OR TOTALLY DISABLED SHALL BE ALLOWED AN ADDITIONAL EXEMPTION FROM ALL AD VALOREM TAXES ON AN AMOUNT EQUAL TO THE DIFFERENCE BETWEEN THE ASSESSED VALUE OF THE HOMESTEAD PROPERTY ON JANUARY 1, 2018, OR JANUARY 1 OF THE FIRST YEAR FOR WHICH THE QUALIFIED HOMEOWNER CLAIMS AN EXEMPTION ON THE PROPERTY, AND ANY INCREASE IN THE ASSESSED VALUE OF THE HOMESTEAD PROPERTY RESULTING FROM AN UPDATE IN VALUATION OF THE HOMESTEAD PROPERTY THAT IS COMPLETED DURING THE TIME THE QUALIFIED HOMEOWNER OWNS THE PROPERTY; TO PROVIDE THAT IF A SUBSEQUENT UPDATE IN VALUATION OF THE HOMESTEAD PROPERTY THAT IS COMPLETED DURING THE TIME THE QUALIFIED HOMEOWNER OWNS THE PROPERTY RESULTS IN THE ASSESSED VALUE OF THE HOMESTEAD PROPERTY BEING LESS THAN THE ASSESSED VALUE OF THE PROPERTY ON JANUARY 1, 2018, OR JANUARY 1 OF THE FIRST YEAR FOR WHICH THE QUALIFIED HOMEOWNER CLAIMS HOMESTEAD EXEMPTION FOR THE PROPERTY, THEN THE EXEMPTION AUTHORIZED UNDER THIS ACT SHALL BE ON AN AMOUNT EQUAL TO THE DIFFERENCE BETWEEN SUCH LOWER ASSESSED VALUE AND ANY INCREASE IN THE ASSESSED VALUE OF THE HOMESTEAD PROPERTY RESULTING FROM A SUBSEQUENT UPDATE IN VALUATION OF THE HOMESTEAD PROPERTY THAT IS COMPLETED DURING THE TIME THE QUALIFIED HOMEOWNER OWNS THE PROPERTY; AND FOR RELATED PURPOSES.
05/24/18 at 10:54
S
B
2578
Senate Bill 2578
SB 2578
S
Law
General Bill/Constitutional Amendment
No
Majority
Passage
441
Ways and Means
F
../../House_cmtes/WM.xml
Finance
F
../../Senate_cmtes/FI.xml
Parks
../../Senate_authors/Parks.xml
A
../../code_sections/027/00350157.xml
BF
../../code_sections/027/00350155.xml
A
../../code_sections/027/00330075.xml
1
01/15 (S) Referred To Finance
2
01/25 (S) Title Suff Do Pass
3
01/31 (S) Amended
4
01/31 (S) Passed As Amended
../../../../2018/pdf/votes/senate/0300005.pdf
5
02/02 (S) Transmitted To House
6
02/19 (H) Referred To Ways and Means
7
02/27 (H) Title Suff Do Pass As Amended
8
02/28 (H) Amended
9
02/28 (H) Passed As Amended
../../../../2018/pdf/votes/house/0580004.pdf
10
03/01 (H) Returned For Concurrence
11
03/06 (S) Concurred in Amend From House
../../../../2018/pdf/votes/senate/0640005.pdf
12
03/06 (S) Motion to Reconsider Entered
13
03/14 (S) Reconsidered
14
03/14 (S) Decline to Concur/Invite Conf
15
03/23 (S) Conferees Named Fillingane,Kirby,Parks
16
03/24 (H) Conferees Named Smith,Lamar,Carpenter
17
03/26 (S) Conference Report Filed
18
03/26 (H) Conference Report Filed
19
03/27 (S) Conference Report Adopted
../../../../2018/pdf/votes/senate/0850010.pdf
20
03/27 (H) Conference Report Adopted
../../../../2018/pdf/votes/house/0850008.pdf
21
04/02 (S) Enrolled Bill Signed
22
04/02 (H) Enrolled Bill Signed
23
04/12 Approved by Governor
../../../../documents/2018/pdf/SB/2500-2599/SB2578SG.pdf
../../../../documents/2018/dt/SB/2500-2599/SB2578SG.pdf
../../../../documents/2018/html/SB/2500-2599/SB2578SG.htm
../../../../documents/2018/pdf/SB/2500-2599/SB2578IN.pdf
../../../../documents/2018/html/SB/2500-2599/SB2578IN.htm
../../../../documents/2018/pdf/SB/2500-2599/SB2578PS.pdf
../../../../documents/2018/html/SB/2500-2599/SB2578PS.htm
../../../../documents/2018/pdf/SB/2500-2599/SB2578SG.pdf
../../../../documents/2018/dt/SB/2500-2599/SB2578SG.pdf
../../../../documents/2018/html/SB/2500-2599/SB2578SG.htm
../../../../documents/2018/pdf/cr/SB2578CR.pdf
../../../../documents/2018/html/cr/SB2578CR.htm
Conference Report
Amendment Report for Senate Bill No. 2578
../../../../documents/2018/pdf/ham/Amendment_Report_for_SB2578.pdf
../../../../documents/2018/dt/ham/Amendment_Report_for_SB2578.pdf
../../../../../documents/2018/html/ham/Amendment_Report_for_SB2578.htm
Committee Amendment No 1
Adopted
../../../../documents/2018/pdf/ham/SB2578_H_Cmte_Amend_01.pdf
../../../../documents/2018/dt/ham/SB2578_H_Cmte_Amend_01.pdf
../../../../../documents/2018/html/ham/SB2578_H_Cmte_Amend_01.htm
Voice Vote
Amendment No 1
Adopted
../../../../documents/2018/pdf/sam/SB2578_S_Amend_01.pdf
../../../../../documents/2018/html/sam/SB2578_S_Amend_01.htm
Voice Vote
N
../../../../documents/2018/pdf/fiscalnotes/SB2578.pdf