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MS HB336

Bill

Official Source

Status

Failed

2/27/2013

Primary Sponsor

William Shirley

Click for details

Origin

House of Representatives

2013 Regular Session

AI Summary

  • Provides a partial ad valorem tax exemption for eligible personal property owned and used by business enterprises starting January 1, 2014
  • Exempts up to $20,000 of assessed value per business enterprise from all ad valorem taxes
  • Defines eligible personal property as furniture, fixtures, and/or equipment classified as personal property, excluding motor vehicles, Class IV property, and property eligible for income tax credits
  • Does not affect any ad valorem tax claims, assessments, or legal actions for taxes due before the effective date
  • Takes effect January 1, 2014

Legislative Description

Ad valorem tax; provide partial exemption for certain business personal property.

Last Action

Died In Committee

2/27/2013

Committee Referrals

Ways and Means1/14/2013

Full Bill Text

No bill text available