History of Actions | Background | Title |
Description: Ad valorem taxes; require counties reduce millage rate in certain instance, delete school board authority to increase without referendum.
| 1 | 01/15/97 | (H) | Referred To Ways and Means | |
| 2 | 02/26/97 | (H) | Died In Committee |
| Effective date | *V/R App. Req. | |
| Disposition | Dead | |
| Deadline | Revenue/Appropriation | |
| Revenue | Yes | |
| 3/5ths vote required | Yes |
House Committee:
Principal Author: Weathersby
Code Sections: A 027-0039-0303, A 027-0039-0317, A 027-0039-0203, A 027-0039-0205, A 027-0039-0320, A 027-0039-0321, A 037-0057-0105, A 037-0057-0107, A 027-0039-0207
Title: AN ACT TO AMEND SECTIONS 27-39-303 AND 27-39-317, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT IN THE CASE WHERE, BECAUSE OF AN INCREASE IN THE ASSESSED VALUATION OF A COUNTY, THE AD VALOREM TAX MILLAGE RATE FOR THE CURRENTLY EXISTING FISCAL YEAR WILL GENERATE FUNDS FOR THE NEXT FISCAL YEAR IN AN AMOUNT GREATER THAN THE DOLLAR AMOUNT GENERATED BY THE AD VALOREM TAX EFFORT FOR THE CURRENTLY EXISTING FISCAL YEAR, THE BOARD OF SUPERVISORS OF SUCH COUNTY SHALL BE REQUIRED TO REDUCE THE AD VALOREM TAX MILLAGE RATE FOR THE NEXT FISCAL YEAR SUCH THAT THE DOLLAR AMOUNT GENERATED BY THE AD VALOREM TAX EFFORT FOR THE NEXT FISCAL YEAR WILL NOT EXCEED THE DOLLAR AMOUNT GENERATED BY THE AD VALOREM TAX EFFORT FOR THE CURRENTLY EXISTING FISCAL YEAR PLUS CERTAIN INCREASE LIMITATIONS; TO AMEND SECTIONS 27-39-203, 27-39-205, 27-39-320 AND 27-39-321, MISSISSIPPI CODE OF 1972, TO CONFORM TO THE PROVISIONS OF THIS ACT; TO AMEND SECTIONS 37-57-105 AND 37-57-107, MISSISSIPPI CODE OF 1972, TO DELETE THE AUTHORITY OF SCHOOL BOARDS TO INCREASE AD VALOREM TAXES LEVIED FOR SCHOOL DISTRICT PURPOSES ABSENT APPROVAL IN A REFERENDUM ON THE PROPOSED TAX INCREASE; TO AMEND SECTION 27-39-207, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; AND FOR RELATED PURPOSES.
End Of Document
1997/History/HB\HB1153.htm