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MS HB977
Bill
Status
Failed
2/21/2018
Primary Sponsor
Timmy Ladner
Click for details
AI Summary
- Increases homestead exemption for persons age 65 or older or totally disabled from $7,500 to $12,500 of assessed property value, effective January 1, 2018
- Provides complete exemption from all ad valorem taxes for unremarried surviving spouses of disabled homeowners on their homestead property, effective January 1, 2015
- Expands exemption tables for counties with updated Class I property valuations to include higher assessed value ranges and corresponding exemption amounts up to $300
- Applies exemptions to claims made in 2018 calendar year with reimbursement beginning in 2019 calendar year and subsequent years
- Does not affect any tax assessments, appeals, or collection actions for taxes due before the bill's effective date
Legislative Description
Homestead exemption; increase for persons 65 years of age or older or totally disabled.
Last Action
Died In Committee
2/21/2018
Committee Referrals
Ways and Means1/12/2018
Full Bill Text
No bill text available