MS HB1260

Caps annual increases in assessed value at 10% for agricultural property and commercial poultry house property for ad valorem tax purposes, regardless of actual true value increases

Grants an ad valorem tax exemption equal to the difference between the property's true value assessment and the capped 10% assessment

Preserves all existing tax claims, assessments, appeals, and collection rights for taxes due before the effective date

Effective date: January 1, 2014