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MS HB1626

Bill

Official Source

Status

Failed

2/22/2017

Primary Sponsor

Greg Snowden

Click for details

Origin

House of Representatives

2017 Regular Session

AI Summary

  • Allows county boards of supervisors and municipal governing authorities to grant partial ad valorem tax exemptions on agricultural property being converted to residential use
  • Exemption amount equals the difference between the assessed value for agricultural use and the assessed value for residential use
  • Exemption terminates when a homeowner occupies the property; if multiple parcels are involved, the exemption continues for each parcel until its residence is occupied
  • Requires exemption requests be submitted in writing with information specified by the county or municipality, and must be recorded in official minutes
  • Effective upon passage

Legislative Description

Ad valorem tax; authorize partial exemption for agricultural land that is converted to a residential use.

Last Action

Died In Committee

2/22/2017

Committee Referrals

Ways and Means2/15/2017

Full Bill Text

No bill text available