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MS HB658
Bill
Status
Failed
4/17/2012
Primary Sponsor
Mark Baker
Click for details
AI Summary
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Amends Section 27-33-19 of Mississippi Code to add paragraph (y) defining eligible homesteads to include dwellings and land conveyed to a trust trustee for a beneficiary's benefit, where the trust dissolves upon the beneficiary's death.
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Requires the trust beneficiary to otherwise qualify as head of a family to be eligible for the homestead exemption under the new provision.
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Makes the act effective January 1, 2012.
Legislative Description
Ad valorem tax; revise the definition of "home" or "homestead" under the Homestead Exemption Law.
Last Action
Died In Committee
4/17/2012
Full Bill Text
No bill text available