Bill Text | History of Actions | Background | Title |
Description: Ad valorem tax; exempt business inventories from, bring forward certain sections relating to.
Bill Text: [Introduced]
| 1 | 02/16 (H) Referred To Ways and Means | |
| 2 | 02/22 (H) Died In Committee |
| Effective date | January 1, 2007 | |
| Disposition | Dead | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths |
House Committee:
Principal Author: Howell
Code Sections: BF 027-0007-0022.5, BF 027-0017-0009, BF 027-0017-0365, BF 027-0031-0001, BF 027-0031-0051, BF 027-0031-0053, BF 027-0031-0055, BF 027-0031-0057, BF 027-0031-0059, BF 027-0031-0061, BF 027-0031-0101
Title: AN ACT TO EXEMPT FROM AD VALOREM TAXATION ALL COMMODITIES, PRODUCTS, GOODS, WARES AND MERCHANDISE HELD FOR RESALE BY ANY MANUFACTURER, DISTRIBUTOR OR WHOLESALE OR RETAIL MERCHANT; TO BRING FORWARD SECTION 27-7-22.5, MISSISSIPPI CODE OF 1972, WHICH AUTHORIZES AN INCOME TAX CREDIT FOR MANUFACTURERS, DISTRIBUTORS, WHOLESALERS AND RETAIL MERCHANTS FOR A CERTAIN AMOUNT OF AD VALOREM TAXES PAID ON COMMODITIES, PRODUCTS, GOODS, WARES AND MERCHANDISE HELD FOR RESALE; TO BRING FORWARD SECTIONS 27-17-9 AND 27-17-365, MISSISSIPPI CODE OF 1972, WHICH PROVIDE FOR THE IMPOSITION OF VARIOUS LOCAL PRIVILEGE TAXES; TO BRING FORWARD SECTION 27-31-1, MISSISSIPPI CODE OF 1972, WHICH EXEMPTS VARIOUS TYPES OF PROPERTY FROM AD VALOREM TAXATION; TO BRING FORWARD SECTIONS 27-31-51, 27-31-53, 27-31-55, 27-31-57, 27-31-59 AND 27-31-61, MISSISSIPPI CODE OF 1972, WHICH PROVIDE THE LAWS GOVERNING FREE PORT WAREHOUSE AD VALOREM TAX EXEMPTIONS; TO BRING FORWARD SECTION 27-31-101, MISSISSIPPI CODE OF 1972, WHICH AUTHORIZES COUNTY BOARDS OF SUPERVISORS AND MUNICIPAL GOVERNING AUTHORITIES TO GRANT AD VALOREM TAX EXEMPTIONS FOR CERTAIN NEW ENTERPRISES; AND FOR RELATED PURPOSES.
End Of Document
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