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MS HB1585
Bill
Status
Failed
2/25/2015
Primary Sponsor
Blaine Eaton
Click for details
AI Summary
- Limits annual increases in assessed value for agricultural property and commercial poultry houses to 10% above the prior year's assessed value, regardless of actual true value increases.
- Exempts the difference between true value assessment and the 10%-capped assessment from ad valorem taxation.
- Does not affect existing tax claims, assessments, appeals, or liens for taxes accrued before the effective date.
- Takes effect January 1, 2015.
Legislative Description
Ad valorem tax; create 10% cap on increase in assessed value of agricultural property and commercial poultry houses.
Last Action
Died In Committee
2/25/2015
Committee Referrals
Ways and Means2/18/2015
Full Bill Text
No bill text available