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MS SB2816
Bill
AI Summary
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Amends Section 27-33-19, Mississippi Code of 1972, to clarify homestead exemption definitions under state law.
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Excludes from homestead exemption status any lease between a person who is physically or mentally unable to care for himself and the institution in which the person is confined, regardless of the lease duration.
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Specifically modifies paragraph (x) regarding dwellings under leases of 25 years or more to add the exclusion for institutional care leases.
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Effective July 1, 2013.
Legislative Description
Homestead exemption; certain leases between physically or mentally disabled and institutions are not homesteads.
Last Action
Approved by Governor
3/20/2013
Committee Referrals
Ways and Means3/8/2013
Finance2/11/2013
Full Bill Text
No bill text available