MS SB2966

Removes subsection (4)(d) from Section 27-35-50, Mississippi Code of 1972, which previously prescribed a specific appraisal method for affordable rental housing based on actual net operating income capitalized at a market value rate.

Eliminates the requirement that owners of affordable rental housing provide annual statements of actual net operating income to county tax assessors by April 1 of each year.

Updates references in the statute from "State Tax Commission" to "Department of Revenue" throughout the property valuation provisions.

Effective January 1, 2014.