Bill Text | History of Actions | Background | Title |
Description: Ad valorem taxation of agriculatural prop; increase moving average used to determine true value; lower amount that true value may vary.
Bill Text: [Introduced]
| 1 | 01/10 (S) Referred To Finance | |
| 2 | 02/23 (S) Died In Committee |
| Effective date | July 1, 2005 | |
| Disposition | Dead | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths |
Senate Committee:
Principal Author: Wilemon
Code Section: A 027-0035-0050
Title: AN ACT TO AMEND SECTION 27-35-50, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT AFTER THE YEAR 2005 A MOVING AVERAGE OF 15 YEARS SHALL BE APPLIED IN ARRIVING AT THE TRUE VALUE OF LAND USED FOR AGRICULTURAL PURPOSES, AND TO PROVIDE THAT AFTER THE YEAR 2005 THE AMOUNT OF VARIATION, UP OR DOWN, FROM A PREVIOUS YEAR THAT THE TRUE VALUE OF AGRICULTURAL LAND MAY FLUCTUATE SHALL NOT EXCEED 2-1/2%; AND FOR RELATED PURPOSES.
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2005/html/History/SB/SB2293.htm