MS HB1503

Prohibits municipalities from levying and collecting ad valorem taxes in newly annexed areas until the municipality provides the services listed in the annexation ordinance.

Requires annexation ordinances to describe proposed improvements, their manner and extent, timeline for completion, and municipal services to be rendered in the annexed territory.

Mandates that the municipality's petition to the chancery court include a statement that ad valorem taxes cannot be collected in the annexed area until the promised services are actually provided.

Creates exception to standard tax liability date: annexed territory becomes subject to municipal ad valorem taxation only after the municipality delivers the services it proposed in the annexation ordinance, rather than on the tax lien date following the decree.

Effective date: July 1, 2018.