Bill Text | History of Actions | Background | Title |
Description: Agricultural land; retain agricultural use value for assessment purposes for five years after development.
Bill Text: [Introduced]
| 1 | 02/14 (H) Referred To Ways and Means | |
| 2 | 02/27 (H) Died In Committee |
| Effective date | July 1, 2002 | |
| Disposition | Dead | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths |
House Committee:
Principal Author: Davis
Additional Authors: Formby, Cameron, Masterson, Moore (60th), Rotenberry, Snowden
Code Section: A 027-0035-0050
Title: AN ACT TO AMEND SECTION 27-35-50, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT IN DETERMINING THE TRUE VALUE OF LAND FOR THE PURPOSE OF ASSESSMENT FOR AD VALOREM TAX PURPOSES, IF LAND USED FOR AGRICULTURAL PURPOSES IS IMPROVED OR DEVELOPED FOR ANY PURPOSE OTHER THAN AGRICULTURAL PURPOSES, THEN THE LAND SHALL CONTINUE TO BE CONSIDERED USED FOR AGRICULTURAL PURPOSES FOR AS LONG AS TITLE TO THE LAND REMAINS IN THE SAME PERSON, OR FOR A PERIOD OF FIVE YEARS FROM THE DATE THAT ANY PORTION OF THE LAND IS FIRST IMPROVED OR DEVELOPED FOR A PURPOSE OTHER THAN AGRICULTURAL PURPOSES, WHICHEVER FIRST OCCURS; TO PROVIDE THAT WHENEVER TITLE TO THE LAND OR ANY PORTION OF THE LAND IS TRANSFERRED, THEN THE TRUE VALUE OF THE LAND TRANSFERRED SHALL BE DETERMINED ACCORDING TO ITS USE AT THE TIME OF TRANSFER AND THEREAFTER; AND FOR RELATED PURPOSES.
End Of Document
2002/html/History/HB/HB1737.htm