MS HB91

Authorizes the levying authority for a school district to veto a school board's request for an ad valorem tax increase of up to 7 percent without holding a referendum.

Requires the levying authority to vote for or against school board requests for tax increases between the current levy and 7 percent; if approved, the school board must publish notice of the increase in newspapers for three consecutive weeks.

Allows registered qualified electors to petition for a referendum on tax increases of up to 7 percent if at least 20 percent or 1,500 electors (whichever is less) sign the petition before budget adoption.

Maintains existing requirements for referendums on millage rates exceeding 55 mills and on increases exceeding 7 percent, which require approval by three-fifths of voting electors.

Exempts tax increases required for the Mississippi Adequate Education Program from the 7 percent limitation and becomes effective July 1, 2014.