MS HB295

Creates two effective dates for changes: provisions through December 31, 2012 maintain current partial payment structure (four quarterly payments of 1/4 each), while provisions from January 1, 2013 forward change to three payments (1/2 due February 1, then 1/4 each due May 1 and July 1)

Increases interest rate on unpaid ad valorem taxes from one-half percent (1/2%) per month to one percent (1%) per month, effective January 1, 2013

Maintains requirement that unpaid balances existing on August 1 result in land sale on the last Monday in August

Preserves motor vehicle ad valorem taxes requirement to be paid in full on the original due date, regardless of partial payment allowances

Allows counties (by board of supervisors order) and municipalities (by governing authority order) to choose whether to permit partial tax payments