Bill Text | History of Actions | Background | Title |
Description: Ad valorem tax; impose on nonproducing mineral estates held separately from surface estate.
Bill Text: [Introduced]
| 1 | 01/11 (H) Referred To Oil, Gas and Other Minerals;Ways and Means | |
| 2 | 02/21 (H) Died In Committee |
| Effective date | January 1, 2007 | |
| Disposition | Dead | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths |
House Committees:
Principal Author: Robinson (84th)
Code Sections: A 027-0031-0085, A 027-0031-0001, RP 027-0031-0073, RP 027-0031-0075
Title: AN ACT TO IMPOSE AN AD VALOREM TAX ON ALL NONPRODUCING MINERAL ESTATES AND LEASEHOLD INTERESTS IN MINERALS OWNED SEPARATELY AND APART FROM THE SURFACE ESTATE; TO PROVIDE THAT WHERE THE TAX BECOMES DELINQUENT THE MINERAL ESTATE OR LEASEHOLD INTEREST SHALL BE SOLD IN THE SAME MANNER AS LANDS ARE SOLD FOR NONPAYMENT OF TAXES; TO AMEND SECTIONS 27-31-85 AND 27-31-1, MISSISSIPPI CODE OF 1972, IN CONFORMITY TO THE PROVISIONS OF THIS ACT; TO REPEAL SECTIONS 27-31-73 AND 27-31-75, MISSISSIPPI CODE OF 1972, WHICH RELATE TO THE EXEMPTION OF NONPRODUCING MINERAL AND LEASEHOLD INTERESTS FROM AD VALOREM TAXES; AND FOR RELATED PURPOSES.
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2007/html/History/HB/HB0791.htm