History of Actions | Background | Title |
Description: Ad valorem tax; exempt personal property and products held by a retailer on a consignment or floor plan basis.
1 | 02/20/97 | (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: Broomfield
Additional Authors: Bailey, Banks, Blackmon, Bowles, Clark, Coleman (29th), Comans, Cummings, Davis (102nd), Ellis, Endt, Formby, Frierson, Gibbs, Green (96th), Green (72nd), Hamilton, Holland, Howell, King, Malone, Manning, Maples, McCoy, Middleton, Miller, Moore, Morris, Myers, Peranich, Rogers, Straughter, Taylor, Walker, Weathersby, Wells-Smith, Young
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, INCLUDING FINISHED GOODS, IN THE HANDS OF A RETAILER ON A CONSIGNMENT OR FLOOR PLAN BASIS; TO AMEND SECTION 27-35-1, MISSISSIPPI CODE OF 1972, WHICH PROVIDES FOR THE ATTACHMENT AND PREFERENCS OF AD VALOREM TAXES ON LAND AND CERTAIN PROPERTY TO EXTEND THE REPEALER AND TO CONFORM TO THE PROVISIONS OF THIS ACT; AND FOR RELATED PURPOSES.
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1997/History/HB\HB1833.htm