Bill Text | History of Actions | Background | Title |
Description: Mineral rights; owner pays certain portion of property taxes.
Bill Text: [Introduced]
| 1 | 01/12 (H) Referred To Oil, Gas and Other Minerals;Ways and Means | |
| 2 | 01/30 (H) Died In Committee |
| Effective date | January 1, 2007 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Three/Fifths |
House Committees:
Principal Author: Holloway*
Code Sections: A 027-0031-0085, RP 027-0031-0073, RP 027-0031-0075
Title: AN ACT TO REQUIRE OWNERS OF ALL NONPRODUCING MINERAL ESTATES AND LEASEHOLD INTERESTS IN MINERALS OWNED SEPARATELY AND APART FROM THE SURFACE ESTATE TO PAY A CERTAIN PORTION OF PROPERTY TAXES; TO PROVIDE THAT WHERE THE TAX BECOMES DELINQUENT THE MINERAL ESTATE OR LEASEHOLD INTEREST SHALL REVERT TO THE SURFACE OWNER; TO AMEND SECTION 27-31-85, 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/HB0878.htm