MS SC578

Amends Section 112 of the Mississippi Constitution to allow a second single-family, owner-occupied residential property to be classified as Class I (assessed at 10% of true value) if the owner's primary residence is also single-family, owner-occupied property in Mississippi.

The second property eligible for Class I classification may be any owner-occupied residential real property of the owner's choosing.

Property chosen for Class I classification loses that status after 12 months if it is put up for sale.

Proposes the amendment be submitted to qualified electors at the election on the first Tuesday after the first Monday of November 2012.

Requires the Attorney General to submit the resolution to the U.S. Attorney General or U.S. District Court for the District of Columbia in accordance with the Voting Rights Act of 1965, as amended.