MS HB335

Allows levying authorities for municipal separate school districts and special municipal separate school districts to approve or disapprove, in full or in part, school board requests for ad valorem tax increases up to seven percent.

Amends Section 37-57-104 to provide that municipal separate school districts and special municipal separate school districts may increase tax dollars up to seven percent without requiring a referendum, unlike other school districts which must hold referendums for increases exceeding four percent.

Amends Section 37-57-105 to exempt municipal separate school districts and special municipal separate school districts from the requirement to publish notice and hold elections for tax increases of more than four percent but not more than seven percent.

Maintains existing protections that exclude certain revenue sources from the seven percent increase limitation, including taxes for bond payments, newly constructed properties, and mandated education programs.

Takes effect July 1, 2017.