History of Actions | Background | Title |
Description: Ad valorem taxes; exempt first $100,000.00 of personal property/products owned or held by manufacturers or certain other businesses.
| 1 | 01/07/97 | (H) | Referred To Ways and Means | |
| 2 | 02/26/97 | (H) | Died In Committee |
| Effective date | January 1, 1998 | |
| Disposition | Dead | |
| Deadline | Revenue/Appropriation | |
| Revenue | Yes | |
| 3/5ths vote required | Yes |
House Committee:
Principal Author: Endt
Code Sections: A 027-0031-0007, A 027-0035-0001
Title: AN ACT TO AMEND SECTION 27-31-7, MISSISSIPPI CODE OF 1972, TO REQUIRE LOCAL GOVERNING AUTHORITIES TO EXEMPT FROM AD VALOREM TAXATION THE VALUE OF PERSONAL PROPERTY OR PRODUCTS, UP TO THE MAXIMUM AMOUNT OF $100,000.00 IN PROPERTY VALUE, OWNED BY OR IN THE HANDS OF A MANUFACTURER, DISTRIBUTOR, WHOLESALE MERCHANT OR RETAILER; TO AMEND SECTION 27-35-1, MISSISSIPPI CODE OF 1972, WHICH PROVIDES FOR THE ATTACHMENT AND PREFERENCES OF AD VALOREM TAXES ON LAND AND CERTAIN PERSONAL PROPERTY TO EXTEND THE REPEALER AND TO CONFORM TO THE PROVISIONS OF THIS ACT; AND FOR RELATED PURPOSES.
End Of Document
1997/History/HB\HB0533.htm