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MS HB203

Bill

Official Source

Status

Failed

1/31/2017

Primary Sponsor

William Shirley

Click for details

Origin

House of Representatives

2017 Regular Session

AI Summary

  • Reduces the cap on annual ad valorem tax increases for school districts from 7% to 2% before a voter referendum is required
  • Eliminates the intermediate 4-7% increase tier that previously allowed school boards to raise taxes with only public notice and petition-triggered referendum
  • Requires majority approval (changed from three-fifths) of registered voters in a referendum to exceed the 2% annual increase limitation
  • Applies to all ad valorem taxes levied for school district operational purposes under Sections 37-57-1 and 37-57-105, effective July 1, 2017
  • Maintains existing exclusions from the cap, including taxes for bond payments, newly constructed properties, and first-year levies for new state-mandated programs

Legislative Description

Ad valorem taxes; delete school board's authority to increase more than 2% without referendum approval.

Last Action

Died In Committee

1/31/2017

Committee Referrals

Education1/3/2017

Full Bill Text

No bill text available