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MS HB499
Bill
Status
2/2/2010
Primary Sponsor
John Moore
Click for details
AI Summary
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Authorizes the levying authority for a school district to veto a school board's request for an ad valorem tax increase of up to 7% without requiring a referendum.
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Requires school boards to submit certified tax effort requests in dollars to the levying authority when filing budget copies.
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Maintains existing referendum requirements for millage rates exceeding 55 mills or for tax increases greater than 7%.
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Excludes certain revenue sources from tax increase limitations, including those required for the Mississippi Adequate Education Program and levies for bond payments, leases, and building construction.
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Takes effect July 1, 2010.
Legislative Description
Tax levy to support school districts; authorize levying authority to veto school board request for increase up to seven percent.
Last Action
Died In Committee
2/2/2010