MS HB1419

Allows joint tenants, tenants in common, or coparceners acquired through estate distribution to petition chancery court for sole or greater ownership interest if they have paid ad valorem taxes on the property for two consecutive years after the bill's effective date.

Grants chancery courts discretion to award greater ownership interest than requested in the petition, with requirement to document explanation for any such award in the court record.

Amends Section 27-10-11 to allow fiduciaries to withhold distribution of real property from co-owners who have not paid their attributable interest in the property.

Brings Section 27-10-9 forward regarding procedures for chancery courts to determine tax apportionment among estate beneficiaries, including equitable adjustments for special circumstances and negligent fiduciary conduct.

Takes effect July 1, 2019.