MISSISSIPPI LEGISLATURE
2004 Regular Session
To: Ways and Means
By: Representative Compretta
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 2004 calendar year for which reimbursement is made in the 2005 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, 2004.