MS HB79

Grants local levying authorities veto power over school board requests to increase ad valorem taxes for school district purposes, effective July 1, 2014.

Allows levying authorities to veto tax increase requests or determine the millage rate necessary to generate the requested dollar amount from school boards.

Requires a referendum to be called if a millage rate increase is not vetoed and exceeds the currently existing rate, with approval requiring a majority vote of registered electors.

Establishes that school boards must advertise their intention to exceed tax increase limitations and hold a public meeting in accordance with Section 27-39-207 before requesting an election.

Requires school boards to pay all costs incurred by levying authorities in calling and holding elections related to tax increase requests.