Bill Text | History of Actions | Background | Title |
Description: Oil and gas; place a certain tax per acre on holders of nonproducing mineral interests owned apart from the land.
Bill Text: [Introduced]
| 1 | 01/15 (H) Referred To Ways and Means | |
| 2 | 02/21 (H) Died In Committee |
| Effective date | July 1, 2001 | |
| Disposition | Dead | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths |
House Committee:
Principal Author: Martinson
Code Sections: A 027-0025-0523, A 027-0025-0721, A 027-0025-0307, A 027-0035-0051, RP 027-0031-0073
Title: AN ACT TO PROVIDE THAT EACH OF THE OWNERS OR HOLDERS OF ANY NONPRODUCING OIL, GAS OR OTHER MINERAL INTEREST IN REAL ESTATE, WHICH IS OWNED OR HELD SEPARATELY FROM THE RIGHTS OWNED IN THE SURFACE OF SUCH REAL ESTATE, SHALL PAY FIFTY CENTS PER MINERAL ACRE AS HIS PORTION OF THE AD VALOREM TAXES DUE ON THE LAND; TO PROVIDE THAT FAILURE TO PAY THE TAXES DUE SHALL RESULT IN A TAX SALE OF THE MINERAL INTEREST IN ACCORDANCE WITH THE SAME PROCEDURE AS PRESCRIBED BY LAW FOR THE SALE OF LANDS FOR NONPAYMENT OF TAXES; TO REPEAL SECTION 27-31-73, MISSISSIPPI CODE OF 1972, WHICH EXEMPTS NONPRODUCING OIL, GAS AND OTHER MINERAL INTERESTS, THAT ARE OWNED OR HELD SEPARATELY AND APART FROM THE RIGHTS OWNED IN THE SURFACE ESTATE, FROM ALL AD VALOREM TAXES; TO AMEND SECTIONS 27-25-523, 27-25-721, 27-25-307 AND 27-35-51, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; AND FOR RELATED PURPOSES.
End Of Document
2001/html/History/HB/HB1268.htm