Adopted

COMMITTEE AMENDMENT NO 1 PROPOSED TO

Senate Bill No. 2509

BY: Committee

     Amend by striking all after the enacting clause and inserting in lieu thereof the following:

SECTION 1.  The lands and property of Mississippi State University shall not be subject to state, county or municipal taxation.  The buildings and improvements that are or may be erected on any land belonging to the university that has been or may be leased to private entities for the purpose of offering affordable board to the students attending the institution shall not be subject to taxation.

SECTION 2.  The lands and property of the University of Southern Mississippi shall not be subject to state, county or municipal taxation.  The buildings and improvements that are or may be erected on any land belonging to the university that has been or may be leased to private entities for the purpose of offering affordable board to the students attending the institution shall not be subject to taxation.

     SECTION 3.  This act shall take effect and be in force from and after July 1, 2017, and shall stand repealed from and after June 30, 2017.

     Further, amend by striking the title in its entirety and inserting in lieu thereof the following:

     AN ACT TO PROVIDE THAT THE LANDS AND PROPERTY OF MISSISSIPPI STATE UNIVERSITY AND THE UNIVERSITY OF SOUTHERN MISSISSIPPI SHALL NOT BE SUBJECT TO TAXATION AND TO PROVIDE THAT THE BUILDINGS AND IMPROVEMENTS THAT ARE ERECTED ON ANY LAND BELONGING TO THE UNIVERSITY THAT IS LEASED TO PRIVATE ENTITIES FOR THE PURPOSE OF OFFERING AFFORDABLE BOARD TO STUDENTS SHALL NOT BE SUBJECT TO TAXATION; AND FOR RELATED PURPOSES.