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MS HB171

Bill

Official Source

Status

Failed

2/27/2013

Primary Sponsor

Blaine Eaton

Click for details

Origin

House of Representatives

2013 Regular Session

AI Summary

  • Limits annual increase in assessed value of agricultural property and commercial poultry houses to 10% above the prior year's assessed value, regardless of actual appreciation in true value
  • Exempts from ad valorem taxation the difference between the true value assessment and the capped 10% increase assessment
  • Does not affect existing tax claims, assessments, appeals, or liens for taxes accrued before the bill's effective date
  • Takes effect January 1, 2013

Legislative Description

Ad valorem tax; create 10% cap on increase in assessed value of agricultural property and commercial poultry houses.

Last Action

Died In Committee

2/27/2013

Committee Referrals

Agriculture1/14/2013

Full Bill Text

No bill text available