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MS HB63
Bill
Status
Failed
2/23/2011
Primary Sponsor
Mark Formby
Click for details
AI Summary
- Exempts all commodities, products, goods, wares, and merchandise held for resale from ad valorem taxation, effective January 1, 2012
- Applies to manufacturers, distributors, wholesale merchants, and retail merchants
- Does not affect existing tax claims, assessments, appeals, or suits for taxes accrued before the effective date
- Maintains existing ad valorem tax law enforcement authority for collection of taxes and penalties owed prior to January 1, 2012
Legislative Description
Ad valorem tax; exempt business inventories from.
Last Action
Died In Committee
2/23/2011
Full Bill Text
No bill text available