Loading chat...
MS SB2245
Bill
AI Summary
-
State of Mississippi shall provide annual payments to City of Jackson as compensation for ad valorem tax revenue lost due to state-owned property exemptions.
-
Annual payment amount equals 50% of the ad valorem tax revenue that would be collected on all state-owned property within Jackson city limits if the property were not tax-exempt.
-
Funds may be used by the city for road maintenance and law enforcement purposes to offset costs incurred as the state capital.
-
Effective date is July 1, 2014.
Legislative Description
City of Jackson; require payments in lieu of taxes on state-owned property located in the city.
Last Action
Died In Committee
2/4/2014
Committee Referrals
Appropriations1/10/2014
Full Bill Text
No bill text available