MS HB1560

Amends Mississippi Code Section 27-35-23 to presume that personal property lists submitted by small businesses to tax assessors are accurate unless the assessor has reason to believe otherwise.

Defines "small business" as a commercial enterprise with fewer than 25 employees and taxable personal property valued at less than $250,000.

Applies the presumption of accuracy to both complete property lists and lists of additions and deletions provided by small business taxpayers.

Takes effect July 1, 2016.