Bill Text | History of Actions | Background | Title |
Description: Real property; clarify ad valorem tax exemption whenever acquired by governmental entity (MDOT).
Bill Text: [Introduced] [Passed Senate]
| 1 | 01/15 (S) Referred To Finance | |
| 2 | 01/23 (S) Title Suff Do Pass | |
| 3 | 01/31 (S) Passed | |
| 4 | 02/02 (S) Transmitted To House | |
| 5 | 02/08 (H) Referred To Ways and Means | |
| 6 | 02/27 (H) Died In Committee |
| Effective date | Passage | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Three/Fifths |
Senate Committee:
House Committee:
Principal Author: Dearing*
Code Sections: A 027-0035-0001, A 027-0035-0003, A 027-0035-0005
Title: AN ACT TO AMEND SECTION 27-35-1, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT ANY OUTSTANDING TAX LIEN ON REAL PROPERTY ACQUIRED FROM A PRIVATE OWNER BY A GOVERNMENTAL ENTITY SHALL BE EXTINGUISHED, BY OPERATION OF LAW, IMMEDIATELY UPON ACQUISITION OF THE PROPERTY BY THE GOVERNMENTAL ENTITY; TO PROVIDE THAT THE RIGHTS OF A PERSON ACQUIRING SUCH PROPERTY AT A VALID TAX SALE MADE BEFORE ACQUISITION OF THE PROPERTY BY THE GOVERNMENTAL ENTITY SHALL NOT BE LIMITED OR AFFECTED; TO PROVIDE THAT A TAX SALE MADE AFTER SUCH PROPERTY IS ACQUIRED BY A GOVERNMENTAL ENTITY SHALL BE VOID AS TO SUCH PROPERTY; TO AMEND SECTION 27-35-3, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT WHENEVER REAL PROPERTY IS ACQUIRED FROM A PRIVATE OWNER BY A GOVERNMENTAL ENTITY, THE COUNTY TAX ASSESSOR SHALL REASSESS AND PRORATE THE TAXES DUE FOR THE ENSUING YEAR AND SHALL ASSESS TAXES AGAINST THE TAXPAYER ONLY FOR THAT PART OF THE YEAR PRECEDING THE DATE THAT TITLE TO THE PROPERTY IS TRANSFERRED TO THE GOVERNMENTAL ENTITY; TO PROVIDE THAT THE PROPERTY SHALL BE EXEMPT FROM TAXATION FOR THE REMAINDER OF THE YEAR; TO AMEND SECTION 27-35-5, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT WHENEVER REAL PROPERTY IS ACQUIRED BY A GOVERNMENTAL ENTITY, THERE SHALL BE NO PERSONAL LIABILITY FOR ANY AD VALOREM TAXES THAT, AFTER THE DATE OF ACQUISITION, ARE ASSESSED UPON THE PROPERTY; AND FOR RELATED PURPOSES.
End Of Document
2001/html/History/SB/SB2820.htm