Bill Text | History of Actions | Background | Title |
Description: Ad valorem tax; revise manner of valuing undeveloped land made part of recorded subdivision.
Bill Text: [Introduced]
| 1 | 01/25 (H) Referred To Ways and Means | |
| 2 | 02/23 (H) Died In Committee |
| Effective date | July 1, 2005 | |
| Disposition | Dead | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths |
House Committee:
Principal Author: Chism
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 AD VALOREM TAX PURPOSES, UNDEVELOPED AND UNIMPROVED LAND THAT BECOMES PART OF A RECORDED SUBDIVISION SHALL RETAIN ITS VALUE AND CLASSIFICATION AS TO CATEGORY OF PROPERTY THAT IT HAD BEFORE RECORDING OF THE SUBDIVISION UNTIL TITLE TO THE LAND IS TRANSFERRED TO ANOTHER PERSON OR PERSONS WHO USE THE LAND FOR THE PURPOSE OR PURPOSES FOR WHICH THE LAND WAS INITIALLY IMPROVED OR DEVELOPED; AND FOR RELATED PURPOSES.
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2005/html/History/HB/HB1570.htm