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MS HB658

Bill

Status

Failed

4/17/2012

Primary Sponsor

Mark Baker

Click for details

Origin

House of Representatives

2012 Regular Session

AI Summary

  • 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.

  • Requires the trust beneficiary to otherwise qualify as head of a family to be eligible for the homestead exemption under the new provision.

  • 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