MISSISSIPPI LEGISLATURE

2003 Regular Session

To: Ways and Means

By: Representative Compretta

House Bill 1630

AN ACT TO PROVIDE A PARTIAL EXEMPTION FROM AD VALOREM TAXES FOR TAXPAYERS THAT OWN PROPERTY LISTED ON THE NATIONAL REGISTER OF HISTORIC PLACES, DESIGNATED AS A MISSISSIPPI LANDMARK UNDER THE ANTIQUITIES LAW OF MISSISSIPPI, OR LISTED AS A LANDMARK OR HISTORICAL PLACE BY A LOCAL HISTORICAL DISTRICT; AND FOR RELATED PURPOSES.

     BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:

     SECTION 1.  (1)  Taxpayers owning property listed on the National Register of Historic Places, designated as a Mississippi landmark under the Antiquities Law of Mississippi in Sections 39-7-1 through 39-7-41, or listed as a landmark or historical place by a local historical district, shall be allowed an exemption from ad valorem taxes according to the following table:

         ASSESSED VALUE

          OF PROPERTY                           EXEMPTION

        $ 7,500 - 8,249                        $300.00

          8,250 - 8,999                              330.00

          9,000 - 9,749                              360.00

          9,750 - 10,499                             390.00

         10,500 - 11,249                        420.00

         11,250 - 11,999                             450.00

         12,000 - 12,749                        480.00

         12,750 - 13,499                        510.00

         13,500 - 14,249                         540.00

         14,250 - 14,999                        570.00

         15,000 and above                       600.00

     Assessed values shall be rounded to the next whole dollar (Fifty Cents (50˘) rounded to the next highest dollar) for the purposes of the above table.

     One-half (1/2) of the exemption allowed in the above table shall be from taxes levied for school district purposes and  one-half (1/2) shall be from taxes levied for county general fund purposes. 

     (2)  This section shall apply to exemptions claimed in the 2003 calendar year for which reimbursement is made in the 2004 calendar year and to exemptions claimed for which reimbursement is made in subsequent years. 

     SECTION 2.  Nothing in this act shall affect or defeat any claim, assessment, appeal, suit, right or cause of action for taxes due or accrued under the ad valorem tax laws before the date on which this act becomes effective, whether such claims, assessments, appeals, suits or actions have been begun before the date on which this act becomes effective or are begun thereafter; and the provisions of the ad valorem tax laws are expressly continued in full force, effect and operation for the purpose of the assessment, collection and enrollment of liens for any taxes due or accrued and the execution of any warrant under such laws before the date on which this act becomes effective, and for the imposition of any penalties, forfeitures or claims for failure to comply with such laws.

     SECTION 3.  This act shall take effect and be in force from and after January 1, 2003.